Step 1 — Account assessment
Pull loan statement, NPA classification date, prior offers, security valuation and Bank of Baroda's internal sanctioning matrix.
Step 2 — Document collection
Income / business records, ITR, bank statements, hardship narrative, source-of-funds plan.
Step 3 — Proposal drafting
Financial justification + comparable settlements + payment schedule, in Bank of Baroda's preferred format.
Step 4 — Negotiation
2–4 rounds of counter-offers, escalations up the sanctioning matrix.
Step 5 — Bank review
Committee meeting / circle office / head office sanction.
Step 6 — Sanction letter
Issued with payment terms, validity period and security release conditions.
Step 7 — Payment
Lump-sum or phased payment within sanction validity.
Step 8 — Settlement completion
NOC, security release, CIBIL update to 'Settled'.