Laws that govern debt recovery in India
Debt recovery is a crucial aspect of the financial sector and is governed by a set of laws in India. These laws aim to provide a structured process for creditors to recover their outstanding debts
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5 Transformational Debt Collection Technology
Debt collection is an essential aspect of the financial industry that has undergone a revolution through technology. In the past few years, banks and non-banking financial companies (NBFCs) have significantly shifted toward digitalization and automation.
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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
Discover how technology is transforming the legal landscape for banks dealing with non-performing assets. Our comprehensive guide explores the role of litigation management technology, streamlining NPA recovery, facilitating data-driven decisions, and automating manual processes for
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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
Embark on the journey of understanding the unique challenges faced by the banking sector in India. From non-performing assets to technological issues, discover the pivotal factors influencing the industry’s dynamics and strategies employed to overcome
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