Legal Manager-CREDIT CARD-Hardship Assistance Unit
Kotak Mahindra Bank
5 - 10 years
Chandigarh
Posted: 18/03/2025
Job Description
- To formulate legal strategies for the recovery of unsecured loans.
- To manage relationships with empanelled law firms and legal vendors, ensuring timely and effective action on legal cases.
- To work closely with the bank’s legal and compliance department to integrate any policy changes issued by the central government bodies like RBI.
- To advise on recovery actions and applicable laws, including the Arbitration Act, DRT, PASSA Act, Lok Adalat, IBC and other relevant laws.
- To Monitor and review the performance of external legal vendors to ensure alignment with the bank’s objective.
- To oversee and coordinate the preparation and filing of legal documents such as notices, affidavits and applications by external legal counsel.
- To monitor ongoing litigation, ensuring effective follow ups and timely resolution of cases.
- Present legal cases update and recovery progress to senior management and ensure timely regulatory submissions.
About Company
Kotak Mahindra Bank is one of India's leading private sector banks, offering a wide range of financial services including personal banking, corporate banking, investment banking, insurance, and asset management. Established in 1985 and headquartered in Mumbai, it is known for its innovative banking solutions, customer-centric approach, and strong focus on digital transformation. The bank caters to diverse customer segments, from individuals to large corporations, emphasizing trust, transparency, and growth.
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