State Bank of Hyderabad, a city-based public sector lender, has launched the ‘One Time Settlement Scheme’ for non-performing assets.
“The scheme is operative from September 1 to 30.
Borrowers/Guarantors, whose accounts have become NPAs due to default /failure to repay the interest / instalment or both, can now settle their dues under the schemes,” SBH said in a statement today.
Under the scheme, concessions will be offered under ‘compromise settlements’, the banker said, asking all eligible borrowers to contact the respective branch heads for further details and benefits of the scheme.