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Syndicate Bank creates separate vertical to recover NPAs

Syndicate Bank has created a separate vertical comprising around 1,200 of its existing staffers to recover its non-performing assets (NPAs) amounting to around Rs 27,000 crore.

The ‘Stressed Asset Management (SAM)’ vertical would comprise legal as well as credit experts who would help branch managers to device plans to recover dues from NPAs, including large corporates.

Syndicate Bank is one of the oldest and major commercial banks of India.

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