Corporation Bank has launched a unique way of recovering overdue accounts. When any loan is given as part of KYC (know your client) norms, a photograph of the loan taker is alkso taken. The bank has put iup the photos of defaulters in the city of the loan taker with amazing results.

The loan has been repaid in full with all overdue accounts cleared. This is to highlight that PSU banks and undertakings are efficient and know how to conduct their business.

Sometime ago when elections were being held in Jammu and Kashmir, J&K Bank had issued an advertisement of all those who were in arrears and contesting the elections. All overdue accounts of wannabe politicians were cleared.

The object of mentioning it here is that our PSU banks are efficient and have the will power to lead from the front when required.