IndusInd Bank - Manager - Corporate Recovery - FRRG

Role:

Manager - Corporate Recovery, FRRG - Mumbai

- Experience in managing corporate borrowers admitted to NCLT and active participating in resolution under IBC framework.

- Ensuring restructuring of viable stressed accounts under different restructuring mechanism of RBI.

- Active participation in preparation of restructuring plan/resolution strategy, ensuring maximum recovery for the bank.

- Recovery of NPA through legal proceedings i.e. initiation of SARFAESI action, DRT etc.

- Working out onetime settlement with borrowers.

- Transferring of stressed cases to Asset reconstruction companies.

- Conducting meeting advocates and council, decide the path of recovery and accordingly initiate necessary actions.

- Coordination with various external agencies such as Economic offence wing (EOW), Enforcement Directorate (ED), SFIO w.r.t fraud borrowers.

Required Experience:

- Minimum 10 years of experience in handling NPA/Stressed corporates having exposure above Rs. 50 Crs. Candidate should have experience in managing NPA/Stressed exposure of large corporate/Mid Corporate/SME/Real Estate/Financial Services segment etc. Experience in handling NCLT cases/ DRT matters/ Debt Restructuring/OTS.

Skill required:

- Note writing skills for seeking necessary approval from committee regarding settlements, debt restructuring, and approval of resolution plans.

- Have dealt with ED, EOW & SFIO agencies.

- Drafting of legal notices, replies related to litigation from the borrower.

- Vetting of legal documents such as NCLT application, recovery suits before DRT.

- Conducting SARFAESI actions including physical possession of the mortgaged property.

Qualification - MBA/CA