• Kurla (W), Mumbai - 400 070.
  • rkrecovery.in@gmail.com
  • +91 9820479713

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Turning challenges into opportunities

Quality Debt Recovery Management

R K Associates specializes in debt recovery management in Mumbai and Maharashtra. With 23 years of experience, we provide complete recovery solutions to PSU banks and financial institutions, including long-term partnerships with State Bank of India (18 years) and Bank of India (20 years).

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About Us

Expert Loan Recovery Service

The agency focuses on effective interaction/persuasion with customers in 1st phase and ultimate legal remedies available under law if 1st phase fails. Above all, we always strive to protect interest of the bank in all circumstances both financially and legally. We maintain our professional ethics of highest standard in upholding reputation of banks.

Our staff are fully trained in fair and ethical recovery practices as per guidelines issued by Reserve Bank of India and strictly adhere to the law of the land while dealing with customers. Our primary concern is to always protect interest and reputation of banks. We regularly update our staff on latest recovery law and bank policy to enable them to understand debt market and function in an organized and disciplined manner.

Our Services

Fully Involved in Quality Debt Recovery Management

The agency focuses on effective interaction/persuasion with customers in 1st phase and ultimate legal remedies available under law if 1st phase fails

Retail Loan Recovery

Retail recoveries of unsecured loan have become a great concern for bank in recent days. We are in this field for last 12 years and retail collection constitutes a major sphere of our activity. 

Auto Loan Recovery

Our team has been providing recovery of auto loan to PSU Banks for last 12 years.  We have successfully done hundred of seizure of vehicles on behalf of banks particularly State Bank of India. 

Due Diligence

We have been retained by our banks for rendering this services to banks

Your Trusted Partner in Debt Recovery Management

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Practical solutions for taking actions under the Act such as:

  • Guidance on procedures to implement the recourse available under the Act.
  • Steps to be taken for possession of the secured assets of the borrower by secured creditors themselves.
  • The problems faced during such action and their remedies and solutions.
  • Approaching the CMM/DM, as the case may be, to take actual physical possession of the secured assets.
  • To manage and maintain the secured assets, the possession of which has already been taken.
  • The disposal of the secured assets and further course of action to be adopted in case of shortfall in recovery
  • Safeguards to be taken in implementation of the Act.
The process of issuance of notice, taking possession of secured assets, and sale thereof for recovery of the dues of the respective Banks/FIs has been discussed in detail. The landmark verdict of Hon’ble Supreme Court of India on 8-4-2004 in the now famous case of Mardia Chemicals Ltd. v. ICICI Bank Ltd. has paved the way for sale of the secured assets by Banks/FIs.
Your Trusted Partner in Debt Recovery Management
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  • +91 9820479713
  • rkrecovery.in@gmail.com
  • 1 B-96, 1st Floor, Paragaon Plaza, Beside Phoenix Mall, Opp. HDFC Bank, Kamani, L.B.S. Road, Kurla (W), Mumbai - 400 070.

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