IMPHAL, July 16: The Imphal Urban Cooperative Bank Limited has intensified the loan recovery drive from today with the launch of “Speedy and Effective Loan Recovery Mission”.
The recovery mission was flagged off by the Chairman of Loan Committee, RK Mombisana at the administrative office, MG Avenue, Imphal.
Speaking to media persons on the sideline of flagging off ceremony, Mombisana stated that the bank is yet to recover loan amount of Rs. 16 crores from 1500 defaulters. The recovery drive aims to recover at least 10 percent of the loan amount within a short period of time.
The IUCB has 23,000 share members and it has been recognized as one of the prestigious cooperative banks in the country by the Reserve Bank of India, he noted.