A study to evaluate the problems faced by recovery officers to regularize default loan accounts in national housing finance and investments limited.

Abstract

I have got a great opportunity to complete my internship paper on the problems faced by recovery officials of National Housing to recover the default loan accounts. As I am working at National Housing, Recovery Department for more than 2 years, I was able to incorporate my knowledge and experience into the paper. Alone with my job responsibilities and contribution to the company, I was able to include the companies mission, vision and structure in the paper. For the in-depth analysis I have conducted an open interview with several employees who have provided different perspectives regarding the problems faced by the recovery department for regularizing default loan accounts. Along with security problems, there are other problems like- lack of understanding of loan, Follow-up the engineering directions, Role of the Guarantor, Shortage of communication method, Misbehavior, and violation of commitment, Local Pressure, Habitual defaulters, Lack of understanding of legal procedures, etc. for solving those problems, National Housing need to take effective initiatives so that they can be able to solve the problems and reduce the nonperforming loans. I hope, this paper will provide a brief idea of the problems face by recovery officials to regularize the default loan accounts.