THE GOAN NETWORK
PANAJI
Bank of India had launched "Branch Adalat" Pan India campaign from January 31, 2022 to February 5, 2022 with the objective of providing relief to the borrowers affected by the Covid pandemic, especially for small borrowers where outstanding loans are below Rs 25 lacs. It covered loans under agriculture, MSME, retail and personal loans.
Total 6,84,000 NPA borrowers were eligible under this campaign and availed benefits of the campaign. Bank was able to settle NPA loans amounting to Rs 407crore during this campaign.
In view of the good response, Bank of India has decided to re-launch the campaign once again from February 28, 2022 to March 5, 2022 to provide further opportunity to the borrowers who did not avail the benefits or participate during the previous Branch Adalat campaign.
