SBH bank has introduced a new scheme for the borrowers whose accounts have become NPAs due to payment failures. State bank of Hyderabad stated that borrowers who fail to repay the interest, installment or both can now easily make their account operative with the SBH new ‘ One time Settlement Scheme’.
The customers can avail this scheme till the month of September. To avail the scheme the borrower need to contact the respective branch. They will also be provided with some concession under compromise settlement.