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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Litigation in Debt Collection: Challenges and Best Practices
Legal collection is usually the final course of action that lenders take to recover as much as possible from a non-performing asset. Litigation involves approaching courts of law for assistance in recovering dues by lenders.
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Asset Valuation and Pricing in NPA Sales
Non-performing assets are an occupational hazard for lenders. There is no way to guarantee that loans are only sanctioned to borrowers who will service their loans without any defaults. This is because of the nature
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