Co-op Banks: Uttarakhand battles NPA; announces OTS

The Uttarakhand government has implemented the One Time Settlement scheme for recovery of dues from defaulters of State Cooperative Bank and District Central Cooperative Banks. The scheme is effective from 20th Feb 2023 to 31st March 2023.

It is said, upto 30 percent discount on interest will be given to defaulters.

While speaking to media persons, State Cooperative Bank Managing Director Neeraj Belwal said, “For recovering the dues, the one-time settlement scheme is implemented and it is hoped that a huge amount of dues will be recovered during this period”.

Exit mobile version