Project Topic:

DEBT RECOVERY TECHNIQUES IN THE BANKING SECTOR, PROBLEMS AND PROSPECT

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 52 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   747 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

1.0  CHAPTER ONE

1.1 INTRODUCTION

Actually, debt are not exempted from any successful business, because there must be a debt in every successful business due to activities involved in their operation.

Debt can be occurred as a result of banks overdraft, borrowings fraud and forgeries and so on, therefore bank recovery of debt is through the rules and regulation guiding the institution.

Then, another method of debts recovery is by the management of bad debt as lender to explore all available sources for the repayment of debts, as it must be quite unfriendly exercise carried out by the bank management against any defaulting customers to forcefully require the banks money in the recovery of debt process, there must be consistence of the secondary position of the use of debt collections recovery by legal proceeding and also there should be room for debtors to invites the precedent law of equitable right of redemption into debt consideration, so as to enable the debtor pelage for further future date to pay back with interest occurred by the money borrowed: before any legal action can be taken, pending on the rules and regulation guiding the bank to recover, basis on transaction. Bank may adopt a way returning it debts from deptors. The debt recovery has been describe as the responsibility for planning effective economy which do help to regulates the operation of the banking sector in fulfillment of a given task or purpose.

Although apart from the above definition there are other definition by failed bank recovery debts and financial malpractice define debts recovery as a means of any loan advances, credit, accommodation guarantees or any other facilities together with the interest rate to show the out standing unpaid against its customers in favor of the bank recovery debts from the debtors.

Beside the bank do encounter problem between its customers for inability to pay back debts. Then, in the side of the banker their supervision is poor in term of fund, documentation and credit concentration, which consequently make bank unable to meet its obligation on financial management.

1.2 BACKGROUND OF THE STUDY    

The banking system has been single out among industry, which has heavier regulations than any other economic activities that governs its operation in the system, or its anticipation constituted by laws.

But the current banking sector has some constants widely acknowledge arising from non-performance of loan which create a number of factors such as poor management loan policy on income growth and unsound judgment, fraud, forgeries through federal government that set-up the Nigeria deposits insurance corporation (NDIC) to protect the interest which most have resulted to problem toward their operation, and its was established by decree No 22 of 1988. So the banking industry has been single to play a specific role in protection the economy growth of due process and development.

Also there was a body or union set-up by federal government by decree No 18 of 1994 establishment to failed bank (Recovery of debt and financial malpractice tribunal, that were authorized to recover debt owned to failed bank.

1.3 OBJECTIVES OF THE STUDY 

(1) To identify debt recovery techniques in banking sector

(2) To indicate debts recovery techniques employed by banks

(3) To find out the problem of debts recovery in the banking sector

(4) To identify the prospect of debts recovery in the banking sector

 

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   13107 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   6565 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   15982 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   16650 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   9884 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Asad from Kardan said "useful information, thank you.".
    Rating: Very Good
  • 2. Mwanasinjale Bruno Y. from Catholic University College Of Mbeya (CUCoM) said "Conglatulation to all supporters of the project clue. For what your doing has great impact to the society".
    Rating: Excellent
  • 3. Agaji Gabriel from Federal University of Agriculture Makurdi said "Projectclue is the best for free research topics and material. Kudos to you guy.".
    Rating: Very Good
  • 4. Abiola Adesanya from University Of Lagos Nigeria said "The best portal for undergraduate research projects and free project topics in Nigeria. Kudos to you guys! Project Clue".
    Rating: Very Good
  • 5. Dabung Timothy from University of Jos said "The effect of job stress on employees performance".
    Rating: Excellent
  • 6. Elkanah Umma from Ahmadu Bello University Zaria said "I had wonderful working experience from you guys. Your side is perfect for research! Keep helping the customers.".
    Rating: Very Good