Financial Restructuring and Recovery

About the job

The main responsibilities of a role within the Financial Restructuring and Recovery Group (FRRG) typically involve managing the recovery of stressed assets and bad loans, and finding viable solutions for accounts that are facing financial difficulties. Key aspects of the job may include: Managing Stressed Assets: Working on accounts that are non-performing or require special attention to recover funds for the bank. Restructuring Loans: Developing and implementing plans to restructure loan terms for borrowers who are unable to meet their original repayment obligations. Legal Coordination: Collaborating with legal teams and external agencies for the recovery process, which might involve legal action if restructuring efforts fail. Negotiation: Negotiating with clients to find mutually agreeable solutions for debt recovery. Compliance: Ensuring all recovery and restructuring activities adhere to regulatory guidelines set by the Reserve Bank of India (RBI).