Your Guide to Microfinance in India
A majority of lenders consider microfinance to be an important part of their business. Over the decades, microfinance has been growing in importance in India as the lending industry increases its market penetration. Microfinance can
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What is Retail Lending?
Lenders cater to different markets using different kinds of products. A major category for lenders is retail lending. Retail lending refers to loans that are sanctioned to retail borrowers also called individual consumers. As opposed
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A Guide to Digital Debt Collection
Digital debt collection refers to the use of digital channels such as email, text messaging, and social media to communicate with borrowers who have overdue payments. This approach is becoming increasingly popular in India and
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Understanding the Debt Collection Process
Debt collection is a crucial aspect of the financial industry that helps creditors recover outstanding debts from consumers. The debt collection process can be complex and overwhelming for both creditors and debtors. Understanding the debt
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Guide to Debt Recovery Laws in India
Guide to Debt Recovery Laws in India What are Debt Recovery Laws? Let us know what a debt recovery law is before we learn more about India’s debt recovery laws. Money transactions keep happening and
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The Role of Technology in Field Debt Collection – A Comprehensive Guide
Field operation is the most essential component of any on-site collection endeavor. Field operations involve a debt collection agent physically visiting a defaulting borrower in an attempt to persuade the borrower to clear their overdue
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Effective Field Debt Collection Techniques: Navigating Challenges and Maximizing Returns
Debt collection through field operations is the most critical component of any debt collection strategy. While online communication, automated communication, and phone calls have an important place in the debt collection arsenal of a lender,
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Impact of NPA Provisioning on Financial Statements and Performance
Non-performing assets are an unavoidable aspect of lending, which is why central banks implement NPA provisioning norms for banks and NBFCs operating in the country. The Reserve Bank of India has also notified extensive rules
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