State Bank Of India (Recovery Office)

4.2 10 Votes

Hours of Operation (View all)(Show less)

  • Today10:30 am - 5:30 pm Open
  • Monday 10:30 am - 5:30 pm
  • Tuesday 10:30 am - 5:30 pm
  • Wednesday 10:30 am - 5:30 pm
  • Thursday 10:30 am - 5:30 pm
  • Friday 10:30 am - 5:30 pm
  • Saturday 10:30 am - 5:30 pm
  • Sunday Closed

Quick Information

    Type

  • Home Loans
  • Personal Loans

Year Established

  • 2005

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Business Information

State Bank Of India (Recovery Office) in Arera Hills, Bhopal

State Bank Of India (Recovery Office) in Bhopal is one of the leading businesses in the Banks. Also known for Personal Loans, Loans, Home Loans, Car Loans, Educational Loans, Banks, Home Loans-SBI, Agents For Home Loans and much more. Find Address, Contact Number, Reviews & Ratings, Photos, Maps of State Bank Of India (Recovery Office), Bhopal.

Banks are authorised financial institutions that grant loans and accept deposits for checking and savings accounts. Individual retirement accounts (IRAs), certificates of deposit (CDs), currency exchange, and safe deposit boxes are some of the other services that customers can avail. Depending on your needs you can visit a retail, commercial or investment bank. The financial institutions also offer a number of online services so that you can make transactions on-the-go.

State Bank Of India (Recovery Office) in Arera Hills, BHOPAL is one of the leading names in the financial sector offering some of the best banking services. Established in 2005, the brand has strengthened its hold in the Indian market.

State Bank of India (SBI) is the largest public sector bank in India, with a network of over 22,000 branches and 58,000 ATMs across the country. The bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and international banking.

Recovery Office in Arera Hills, Bhopal

The Recovery Office of SBI in Arera Hills, Bhopal is responsible for recovering bad debts and non-performing assets (NPAs) from defaulters. The Recovery Office is headed by a Chief Manager and has a team of recovery officers and staff who work towards recovering the outstanding dues from defaulters.

Functions of the Recovery Office

The Recovery Office of SBI in Arera Hills, Bhopal performs the following functions:

  • Identification of bad debts and NPAs
  • Issuing notices to defaulters
  • Negotiating with defaulters for settlement
  • Initiating legal action against defaulters
  • Repossessing and auctioning off collateral
  • Managing and disposing of assets acquired through recovery

Process of Recovery

The Recovery Office of SBI in Arera Hills, Bhopal follows a standard process for recovering bad debts and NPAs:

  1. Identification of bad debts and NPAs
  2. Issuing notices to defaulters
  3. Negotiating with defaulters for settlement
  4. Initiating legal action against defaulters
  5. Repossessing and auctioning off collateral
  6. Managing and disposing of assets acquired through recovery

The Recovery Office of SBI in Arera Hills, Bhopal plays a crucial role in the bank's efforts to recover bad debts and NPAs. The office ensures that the bank's interests are protected and that the outstanding dues are recovered in a timely and efficient manner.

STATE BANK OF INDIA Share Price

View and track live STATE BANK OF INDIA stock price, analyze trends considering factors like STATE BANK OF INDIA share price today based on BSE/NSE data, historical performance, and it’s projected targets. The CMP reflects its current valuation in the market. It often impacts investor decisions, influenced by factors such as dividend history, stock splits, and face value. Understanding these aspects can provide insights into the company stock's potential growth, short-term trends and stability. View more such statistics like financial reports, 52 week highs and lows, moving average, latest news, income statement, balance sheet, cash flow, financial ratios, historical data, peer comparison, and quarterly results on Justdial Stocks.

Location and Overview:

Established in the year 2005, State Bank Of India (Recovery Office) in Arera Hills, Bhopal is a top player in the category Banks in the Bhopal. This well-known establishment acts as a one-stop destination servicing customers both local and from other parts of Bhopal. Over the course of its journey, this business has established a firm foothold in it’s industry. The belief that customer satisfaction is as important as their products and services, have helped this establishment garner a vast base of customers, which continues to grow by the day. This business employs individuals that are dedicated towards their respective roles and put in a lot of effort to achieve the common vision and larger goals of the company. In the near future, this business aims to expand its line of products and services and cater to a larger client base. In Bhopal, this establishment occupies a prominent location in Arera Hills. It is an effortless task in commuting to this establishment as there are various modes of transport readily available. It is at , Near Jail Road, which makes it easy for first-time visitors in locating this establishment. It is known to provide top service in the following categories: Personal Loans, Loans, Home Loans, Car Loans, Educational Loans, Banks, Home Loans-SBI, Agents For Home Loans.

Products and Services offered:

State Bank Of India (Recovery Office) in Arera Hills has a wide range of products and / or services to cater to the varied requirements of their customers. The staff at this establishment are courteous and prompt at providing any assistance. They readily answer any queries or questions that you may have. This establishment is functional from 10:30 - 17:30.

Please scroll to the top for the address and contact details of State Bank Of India (Recovery Office) at Arera Hills, Bhopal.

Frequently Asked Question

1. How can I locate State Bank Of India (Recovery Office) in Arera Hills, BHOPAL?

State Bank Of India (Recovery Office) in Arera Hills, BHOPAL is located Near Jail Road.

2. What are the different products offered by State Bank Of India (Recovery Office)?

They offer a variety of banking related products such as , , and .

3. What is the of State Bank Of India (Recovery Office) in Arera Hills, BHOPAL?

The hours of operation of State Bank Of India (Recovery Office) in Arera Hills, BHOPAL is Monday:- 10:30 am - 5:30 pm, Tuesday:- 10:30 am - 5:30 pm, Wednesday:- 10:30 am - 5:30 pm, thu:- 10:30 am - 5:30 pm, Friday:- 10:30 am - 5:30 pm, Saturday:- 10:30 am - 5:30 pm, Sunday:- Closed.

4. Can I open my account from home?

Yes, you can open your account from home. Most financial institutions have introduced online forms through which you can open an account from home. However, it is always a good idea to get in touch with the executives to find out if you can open an account from home.

5. What is the basic amount that I have to maintain in my savings account in State Bank Of India (Recovery Office)?

You will have to maintain a minimum amount as specified by State Bank Of India (Recovery Office) in your account.

6. How much time does it take to get a loan approval from State Bank Of India (Recovery Office)?

State Bank Of India (Recovery Office) strives to make banking easy for customers. If all your documents are genuine and you meet the eligibility criteria, your loan is disbursed within a few days. However, you can talk to a banking executive directly for more information.


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X Contact Information Of  State Bank Of India (Recovery Office) ,

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Sarb, 1, Arera Hills, Bhopal - 462011, Near Jail Road

www.sbi.co.in  |  www.statebankofindia.com

State Bank Of India (Recovery Office),

Sarb, 1, Arera Hills, Bhopal - 462011, Near Jail Road
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