How you have decrease Npa pool and 30+ deduction?

Question

Accepted Answer

Decreased NPA pool and 30+ deduction through effective risk management and loan recovery strategies.

Implemented strict credit policies and risk assessment procedures to prevent default loans
Established a dedicated team for loan recovery and resolution of NPA accounts
Offered settlement schemes and restructuring options to borrowers in financial distress
Collaborated with credit bureaus to monitor creditworthiness of borrowers
Regularly reviewed and updated loan portfolio to identify potential risks and take corrective actions
Implemented technology-driven solutions for efficient loan processing and monitoring
Provided training and support to staff for effective loan management and recovery
Examples: Reduced NPA pool from 5% to 2% within a year, recovered 80% of 30+ deduction accounts through settlement schemes and recovery efforts

Top ICICI Bank Debt Manager interview questions & answers