A non-cooperative borrower : A non-cooperative borrower is one who does not engage constructively with his lender by defaulting in timely repayment of dues while having ability to pay, thwarting lenders’ efforts for recovery of their dues by not providing necessary information sought, denying access to assets financed / collateral securities, obstructing sale of securities, etc. In effect, a non-cooperative borrower is a defaulter who deliberately stone walls legitimate efforts of the lenders to recover their dues. for more RBI updates visit bankinterview.in
Posted on: Mon, 22 Dec 2014 10:58:36 +0000
Trending Topics
Recently Viewed Topics
© 2015