‘Mission Gandhigiri’ is a recovery mechanism launched by PNB in May 2017. Through this initiative, the recovery team wishes to achieve its primary objective of getting these defaulters to the negotiation table and aim to recover Rs 100-150 crore in a month.
What is it all about?
Here, the team visits the borrower’s office or residence and sits there silently. Sitting silently with placards outside offices and residences of defaulters, the staff of Punjab National Bank hope to ‘name and shame’ such borrowers to recover up to Rs 150 crore worth bad loans. Currently, there are 1,144 field staff members who are driving the mission.