Management and Resolution Strategies for Non-Performing Assets (NPAs)
Banks and lenders of all types should have a documented process for managing and resolving non-performing assets (NPAs). NPAs are a part and parcel of the lending business so having a systemized mechanism of handling
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Section 138 NI Act: Empowering Creditors in Debt Recovery
As a bank, fintech, or lender, encountering situations where customers fail to fulfill their financial obligations can be daunting. Fortunately, legal provisions such as Section 138 NI of the Negotiable Instruments Act (NI Act) serve
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NPA Management Strategies for Banks and Financial Institutions
Non-performing assets are a part and parcel of the lending business for banks and financial institutions. However, every effort must be taken to not only recover as much of the dues from an NPA as
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What is the Right Call Audit Process for Debt Collections?
One of the biggest challenges for lenders is managing debt collections. As consumer and business loans increase, ensuring that these loans are serviced in time is an ongoing issue within the financial services space. Usually,
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Your Guide to a Modern Approach to Debt Collections Processes
Traditionally, debt collection has been associated with striking fear and apprehension in the hearts of defaulters. However, over time, this has hurt the lending industry more than it has helped. A movement towards destigmatizing debt
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7 Ways to Improve Your Account Receivables Collection
Every business owner realizes how crucial maintaining cash flow is for a business. Many bankruptcies take place simply due to cash flow issues that make it impossible to sustain the business. That’s why it’s essential
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Supreme Court Guidelines on Loan Recovery
The loan recovery process is fraught with legal complications. Understandably so, since loan recovery tactics have resulted in numerous examples of adverse consequences in the past. The Reserve Bank of India as well as the
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Loan Loss Provisioning – The Latest RBI Guidelines
The RBI is expected to release a new set of guidelines for loan loss provisioning. It has already released a discussion paper that expands on its views about the existing rules and the need for
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