Tips for Accounts Receivable Recovery
Accounts Receivable Recovery is the process of collecting payment from customers who have purchased goods or services on credit. This process is an essential aspect of managing a business’s finances. It involves ensuring that customers
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Everything about Loan Loss Provisioning
Loan loss provisioning is an essential aspect of lending operations and is an integral part of financial management. It refers to the process of setting aside funds to cover potential losses from loan defaults. This
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Online Arbitration Process in India
Online arbitration is a process of resolving disputes through an online platform, where the arbitrator, parties, and witnesses communicate and present evidence over the internet platform. In India, online arbitration is governed by the Indian
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Litigation Management and its Role in NPAs
For banks or any other financial institution, it is difficult to go to court for any problem related to non-performing assets. Legal proceedings are slow and tedious. To curb these problems, technology is now available.
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Collection Strategies to Reduce NPAs
Due to Covid, and various other economic factors, the banking sector has been facing severe problems with the rising level of Non-Performing Assets (NPAs). However, collection strategies are crucial to reduce NPAs and maintain a
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Banking Challenges Unique to India
A Bank is a financial institution that offers a wide range of services, including deposit accounts, lending, and investment products. Banks use the money deposits of one customer to provide loans and other financial services
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Buy Now Pay Later (BNPL) is a type of financing option that has gained widespread popularity in recent years. It allows consumers to purchase goods or services from retailers or e-commerce websites and defer payment
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Guide to Debt Recovery Laws in India
What is Debt Recovery Law? Let us know what a debt recovery law is before we learn more about India’s debt recovery laws. Money transactions keep happening and small-time business owners to big business houses
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