Annexure 'E'
Letter from the Branch to the
borrower after repossession.
of the
vehicle to pay up the costs of seizure and storage
Date :
To,
Shri/Smt./Ms.____________________(borrower)
__________________________
Dear Sir/Madam,
SUB:VEHICLE LOAN ACCOUNT NO. ___________________
OF SHRI________________
This has reference to your______________________(vehicle) bearing
registration No.____________repossessed by the Bank consequent upon your
failure to repay dues of the Bank.
2.Bank has to incur cost of
Rs.___________, for the above repossession by its authorized agents and
continuous to incur an expense of Rs.______ per day for its storage. It may
please be noted that you are liable to reimburse the' Bank all the costs of
repossession and storage of the vehicle. You are therefore, requested to
deposit an amount of Rs.________ in the Bank, representing the cost of seizure
and storage till today.
3.Please note that these charges are over and above the outstanding
loan amount with interest calculated on daily basis and any other charges/penal
interest if any.
You will continue to be liable for costs of further storage of the
vehicle till liquidation of your dues with the Bank.
Yours faithfully,
(Authorized Officer)
State Bank of Saruashtra
____________________
____________________
Annexure
'F'
Certificate of Sale
Whereas,
The undersigned being the
Authorised Officer of the State Bank of Saurashtra has in consideration of the payment of
Rs.___________ (Rupees___________) sold on
behalf of the State Bank Of Saurashtra in favour
of_________(purchaser), the following movable property. secured
in favour of State Bank Of Saurashtra by __________.
(the
names of the borrowers) towards the financial facility (description) offered by
State Bank Of Saurashtra. The undersigned acknowledges the receipt of the sale
price in full and handed over the delivery 'and possession of the items listed
below.
Description of the Vehicle :
_____________________
_____________________
_____________________
Date : (Authorised
Officer)
State
Bank of Saurashtra
Place :
Annexure 'H'
ADVERTISEMENT
Offers are invited from the following persons
/ parties for their empanelment as agents for the purpose of enabling the Bank
to exercise recovery of impaired loans charged to the Bank; in the state/district of.
1.
NBFC's registered with RBI
and having consistent record of profit for last three years.
2.
Government approved Auctioneers.
3.
Companies/Firms with
experience in impaired Asset Management & Recovery for otherBanks /Financial. Institutions for last two years.
4.
Reputed organizations
Firms/Self Help Groups with good track record in terms of Recovery
Services. .
The persons / parties empanelled will be
responsible to perform/assist the Bank in Recovery of its rights in respect of
the assets charged to the Bank. The term and conditions will be as per the
agreement. Bank reserves the right to empanel any person/party at its
discretion. Bank also reserves the right to reject any offer without assigning
any reason. The responsibility of the Agent will include but not restricted to:
-Taking possession of assets hypothecated /mortgaged to the Bank
-
Storing such assets in appropriate godown / parking lots
- Disposing of such assets by auction complying with the process of bank
Interested persons/parties may submit their
offer at the following address within a period of 15 days in the prescribed
application form which can be collected from the under noted address.
Address:
____________________
____________________
State
Bank of Saurashtra
____________________
____________________
Annexure I
FORMAT FOR SUBMISSION OF
RECOMMENDATIONS
FOR EMPANELMENT OF RECOVERY AGETNS
(Separate Sheet should be
used for each firm/company)
1.
Name
of the firm/Company :
2.
Constitution :
3.
Address
of the firm/Company :
Telephone Nos. :
Fax No. :
Mobile No. if any :
4.
Name
& Qualifications of :
Proprietor/Partners/Directors
5.Nature
of activities the firm/ :
Company
6. Nature
of activities connected :
with Recovery
work
7. Present
set up/facilities available :
to deal with
recovery work
8.Past
experience in the field of :
Recovery
(with names of clients,
Recovery
(with names of clients,
nature of
tasks handled and results
achieved).
9.
Expected
service charges/other :
expenses per
case
10.
References :
11.
Brief
write up on Background/ :
functions
12.
Brief
reasons for recommendations :
for empanelment.
State
Bank of Saurashtra,
Zonal
Office : ________
Date : Dy.
General Manager
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