APSFC ahead in performance criteria
By Our Banking Bureau | 02 May 2002
Its top performance was in all the three key operational areas of sanctions, disbursements and recoveries. While its sanctions surpassed Rs 400 crore, disbursements and recoveries reached a new high of Rs 309 crore and Rs 340 crore, respectively, for 2001-02.
Buoyed by this impressive showing, the corporation has set a target of sanctioning Rs 410 crore, disbursing Rs 310 crore and a recovery figure of Rs 400 crore for the financial year 2002-03, says APSFC managing director Dr J C Mohanty.
The corporation has been able to reduce its non-performing assets to 41 per cent, or an estimated value of Rs 400 crore. Similarly, its outstanding dues are also around Rs 1,000 crore.
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