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Motilal Oswal Financial Services Limited has announced a 20th Annual General Meeting to be held through video conferencing. Separately, Central Bank of India has initiated recovery proceedings under SARFAESI Act against a borrower defaulting on a Rs. 20 lakh home loan, with dues of about Rs. 16.98 lakh. The bank has classified the loan as a Non-Performing Asset and intends to take possession of the secured residential property if dues are not cleared within 60 days. The property details and recovery auction process have been duly notified. This action underscores the bank’s efforts to recover overdue amounts and impacts asset quality disclosures.
All announcements from Motilal Oswal Financial Services Limited