Where do I submit an ICICI OTS proposal?

Submit to the Branch Head managing the account with a copy to the Regional SAM head. For exposures below ₹50 lakh, the branch coordinates directly with regional collections. Do not rely on verbal filing.

How does ICICI decide the waiver?

Through an internal formula weighting security cover, days-past-NPA and promoter net-worth. The proposal that gives the committee clean inputs — RVS working, cash-flow test, net-worth statement — closes fastest.

Does ICICI accept structured OTS?

Yes, but only where asset cover is strong and the repayment source is clearly documented. Long-tranche OTS at ICICI needs 20–25% on sanction and disciplined milestone payments.

How quickly does ICICI move on SARFAESI?

Aggressively — post-180 days NPA is the typical inflection. Reply drafts that engage the RVS working rather than contest possession outright buy the most time.

ICICI Bank · SAM Group

ICICI Bank MSME Loan Settlement

Regional Collections Head decides ₹50L–₹5 Cr band
SAM Group handles larger MSME NPA files
Aggressive SARFAESI post-180 days NPA

Free Case Assessment Talk to a Consultant

ICICI Bank runs one of India's deeper MSME books across CC/OD, term loans and secured business lending. Its resolution culture is analytical: waiver bands are set through internal formulas driven by security cover, days-past-NPA and promoter net-worth. The proposal that maps cleanly to that model closes fastest.

Below ₹50 lakh, the branch coordinates with regional collections. Between ₹50 lakh and ~₹5 Cr, the Regional Collections Head is the effective decision-maker. Above that, the SAM (Special Asset Management) Group takes over — with structured committees and tighter documentation demands.

ICICI's SARFAESI posture is aggressive. Post-180 days NPA, 13(2) and 13(4) proceedings move on schedule. Verbal engagement rarely advances the file; every waiver conversation must land in writing.

Free Assessment

30-minute confidential case review

A senior consultant reviews your outstanding, NPA stage and options — no obligation, no cost. All conversations are covered by NDA.

• Waiver band estimate for your case
• Best-fit authority / branch to file at
• Risk of SARFAESI / auction escalation
• Documentation checklist

ICICI OTS Policy — What Actually Governs Your Case

ICICI's committees run RVS, DPD and net-worth through a formula that produces the acceptable waiver band. Your file wins by matching those inputs cleanly — not by attempting to argue past them.

Waiver band computed from security cover, DPD and promoter net-worth
Down-payment 20–30% on sanction; balance within 90 days preferred
Long-tranche OTS available for strong asset cover + clear repayment source
SARFAESI moves aggressively post-180 days NPA
Written proposal essential — verbal engagement rarely advances the file

ICICI Observed Waiver Bands by NPA Stage

NPA Stage	Observed ICICI Waiver Band	Down-Payment	Balance Window
Sub-standard	40–55%	20–30%	up to 90 days
Doubtful	55–70%	20–25%	up to 90 days
Loss Asset	60–78%	20–25%	up to 120 days
Post-SARFAESI 13(4)	50–72%	20–30%	up to 90 days

ICICI Settlement Process — Step by Step

Step 1
Confidential Assessment
Case review — outstanding, NPA stage, security cover, promoter exposure. 30-minute consultation.
Step 2
Documentation & Hardship File
3-year financials, bank statements, GST, sanction letters, hardship narrative and source-of-funds evidence.
Step 3
OTS Proposal Drafting
Structured proposal referencing RBI framework, RVS working, precedent cases and payment schedule.
Step 4
Bank Submission
Proposal filed with the right authority — SAM branch / SARB / SAG / Regional Collections Head.
Step 5
Committee Negotiation
Follow-up, counter-offers, precedent deployment and final waiver / structure negotiation.
Step 6
Sanction & Payment
OTS sanction letter, down-payment, balance tranches, and receipt reconciliation.
Step 7
No Dues & Closure
No Dues Certificate, security release, CIBIL update, guarantor discharge.

ICICI Recovery Approach & Escalation Ladder

ICICI SAM (Special Asset Management) Group handles NPA cases above defined thresholds; smaller SME cases stay with the SME Collections Regional Head. Above ₹5 Cr, expect a SAM head to own the file end-to-end.

Collections Officer — initial branch contact
SME Collections Regional Head — ₹50L–₹5 Cr band
SAM Group Head — larger MSME NPA files
Legal Head — post-decree / criminal-adjacent files

SARFAESI at ICICI — Practical Realities

ICICI is one of the more disciplined SARFAESI actors among private banks. 13(2) at ~90–180 days NPA is routine; the 13(4) petition follows on schedule if the reply is generic or absent. Reply drafts that engage the Bank's own RVS working — not just contest possession — buy the most time.

e-Auction activity is meaningful; filed OTS proposals typically stay auctions during committee review. Post-auction shortfall cases become recovery certificates and DRT proceedings, where the negotiation shifts to guarantor exposure — a different playbook.

Eligibility

Account classified as SMA-2, NPA sub-standard, doubtful or loss asset
Not tagged as wilful default or fraud
Realistic source of funds for at least the down-payment tranche
Willingness to sign a full and final settlement with the bank
Promoter/guarantor cooperation in documentation and negotiation
No parallel criminal / recovery proceedings that block settlement

Standard Documentation

• Latest sanction letter and all amendments / renewals
• 3-year audited financials (P&L, balance sheet, notes)
• Latest GST returns (12 months) and income-tax returns
• Complete bank statements — 24 months across all lenders
• CIBIL commercial and consumer reports (self and guarantors)
• Hardship narrative — cause and consequences of stress
• Source-of-funds evidence for OTS payment
• Security valuation report (secured cases)
• SARFAESI notices, DRT filings, correspondence trail

Bank-Specific Documents

• ICICI sanction letter and NPA classification note
• ICICI Statement of Account (24 months) for all facilities
• 13(2) / 13(4) notices from ICICI, if issued
• Latest ICICI internal RVS / valuation working, if shared
• Promoter net-worth statement (audited) and cash-flow test

ICICI OTS — close-out window 60–150 days depending on committee cycle

Week 1–2
Assessment
Case diagnosis, document collection, hardship narrative drafted.
Week 3–4
Proposal Filed
OTS proposal submitted to competent authority with all annexures.
Week 5–10
Negotiation
Committee cycle, counter-offers, RVS reconciliation.
Week 11–16
Sanction & Payment
Sanction letter, down-payment, balance tranches.
Week 17–20
Closure
No Dues Certificate, security release, CIBIL update.

Settlement Calculator (Indicative)

Rough waiver band based on NPA stage. Actual outcome depends on bank, RVS, DPD and negotiation.

Outstanding (₹)NPA Stage

Estimated waiver band: 55%–70%

Indicative payable: ₹15,00,000 – ₹22,50,000

OTS Eligibility Checker

Quick 4-question check. Not a formal opinion.

Account is NPA (Sub-standard / Doubtful / Loss) or SMA-2 Account is tagged Wilful Default / Fraud Realistic source of funds for down-payment Promoter / guarantor cooperation available

Needs review — some flags reduce OTS eligibility. Speak with a consultant.

Case Studies

Engineering SME — ₹4.6 Cr Doubtful at ICICI

Pune engineering SME, ₹4.6 Cr doubtful. Regional Collections Head cleared OTS at ₹2.15 Cr (53% waiver), 25% on sanction with balance in 90 days. Sanction in 82 days from filing.

Retail Chain — ₹2.8 Cr CC at ICICI

Kolkata retail chain, ₹2.8 Cr CC limit turned NPA. Stock-hypothecation weakened. OTS sanctioned at ₹1.4 Cr (50%) as 25% down + 3 tranches over 90 days. Cleared through Regional Collections Head.

Chemicals — ₹9.1 Cr SAM Group Case

Ahmedabad chemicals unit, ₹9.1 Cr outstanding under SAM Group. Land + machinery secured. OTS closed at ₹4.2 Cr (54%), 25% on sanction and balance across 4 months. Auction stay obtained on filed proposal.

Client Voices

"Filed clean OTS with the right authority. Sanctioned in 4 months at 62% waiver."
— Rajesh K., Auto Ancillary Promoter

"Timely SARFAESI reply and structured OTS saved the shop unit. Closed with No Dues in 5 months."
— Anita S., Textile Trader

"Post-13(4) proposal filed with SAM branch — auction stayed and settled at 68% waiver."
— Vikram J., Food Processing

Frequently Asked Questions

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