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NT Bureau
Chennai, Apr 22:
 

A top executive of Reyvish Associates receiving the ISO 9001:2000 quality certificate from TUV representative at a function in Chennai.

        Reyvish Associated (P) Ltd, a company offering recovery management services, has won ISO 9001:2000 certificate in recognition for its quality service. The certifying body TUV India has informed that it is the first of its kind to certify a company engaged in NPA recovery in the country

        The banking sector and financial institutions in the country to day facing legal barriers on recovery proceedings due to non-compliances of the guidelines and legal steps to be followed carefully to recover the NPAs' of the industries.

        The Reyvish Associates (P) Limited, a company incorporated under Companies Act 1956, which is a pioneer in the recovery segment of Non Performing Assets of the financial institutions and banking sector is lighting the dawn by implementing Quality Management System in their services for the recovery of the NPAs.

        For the purpose of taking actual possession of the Bankers/ Financial Institutions, Reyvish is having an arrangement with leading security companies to protect and preserve the assets till the time of sale and recover the Non-Performing Assets.

        In an expansion into other areas of financial services, Reyvish is marketing infrastructure equipment financial schemes for one of the India's leading Infrastructure NBFC and in this fiscal it has planned to explore the opportunity in the distribution services also.

        It has recovered considerable amount in the past for State Bank of India, IDBI, HDFC, Bank of Baroda and Canara Bank. Now-a- days without deviating any legal tangle and making embarrassment to the Banking / Financial Institutions, Reyvish is doing its services to the industry for the past 5 years.

        Reyvish is having future plans to adopt some of the branches of the Banks to give total solutions for recovery of the loans and marketing of their products. Reyvish is negotiating leading Bankers for this innovative scheme. It will give the Bankers' total solution to their marketing as well as recovery process.