BHUSHAN KOTIAN

Officer

Bharat Co-operative Bank (Mum) Ltd

06.2018

Appraising Files for Sanction & Disbursement
Analyzing financial statements and credit worthiness of individuals as well as companies
Conducting search, legal opinion, and valuation of property by co-ordinating with respective panel appointed experts
Checking approved files with respect to documentation, compliances of all terms & conditions stipulated in the credit Arrangement letter / sanction terms & getting the documents adequately stamped & properly filled, etc
Preparation of Sanction letter and loan documentation
Handling disbursement of working capital facility such as Overdraft facility, Cash Credit, Term loan, etc, of all groups against Stock, Book Debts, FD's, Properties
Handling disbursement of working capital facility such as Overdraft facility, Cash Credit, Term loan, etc, of all groups against Stock, Book Debts, FD's,Properties
Settlement of vendor bills i.e Valuation fees, Intimation fees, Legal fees, Search fees
MIS-Quarterly and Monthly statement reporting to head office and RBI i.e classification of NPA, NPA profile, Movement of NPA, Loan sanctioned at branch level statement etc
Updating stock statement for all Cash Credit accounts
Liaising with bank's empaneled advocate for verification of property documents
Capturing details of securities Hypothecated/Mortgaged to Bank by the Borrower in Collateral management system (i.e CERSAI)
Intimation of charge creation on property to Sub-registrar office/ROC within stipulated time
Issuance of NDC (No Due Certificate) to customer for the loans and facilities, which are closed
Releasing of property papers
Pre & post disbursement visit of securities
Monitoring collection portfolio, identifying overdue accounts, making reminder calls, sending demand notices, recommending for SARFAESI and taking other proactive steps to ensure timely recovery of overdue/ outstanding amount
Employing strict credit control measures to recover dues from defaulters without compromising on borrowers' dignity
Ensuring compliance of statutory requirements as per audit guidelines and regulations laid down by various acts by RBI
Compliance of Audit report conducted by various auditors of the bank.