Use These Powerful Business Debt Recovery Strategies to Reduce Dues
Debt is a normal part of business and almost every business runs a credit line for their customers. While sales strategies are constantly updated and improved upon, many businesses are guilty of letting their debt
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How Technology is Transforming Debt Collection Services
The average net non-performing assets ratio for commercial banks in India stood at 3.9% in March 2023. This shows that banks can reap significant benefits by streamlining their debt collection process. Many lenders outsource their
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The Evolving Landscape of the Debt Collections Industry in India
Introduction In India, the debt collections industry is a vital segment of the financial sector, playing a crucial role in maintaining the fiscal health of banks and financial institutions by helping to recover outstanding debts.
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Debt Recovery Solutions in 2024: Best Practices and Trends
The debt recovery solutions that worked a decade ago may not deliver the same results in 2024. Technological capabilities have evolved and we now have various software tools that can help streamline our approach towards
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Everything About Debt Collection Technology
The traditional image of debt collection might conjure up scenes of relentless phone calls and impersonal letters. However, a quiet revolution is underway, driven by innovative advancements in Debt Collection Technology (DCT). This isn’t just
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Debt Collection Stages: How Collectors Think?
Effective debt collection is crucial for the financial health of businesses. It involves systematically navigating through various debt collection stages to recover outstanding debts. The significance lies in maintaining cash flow, minimizing financial risks, and
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Tips to align your collection and recovery strategies
Effective debt collection and recovery strategies are essential for businesses to maintain financial stability and ensure sustained growth. In the Indian business diverse economic factors and cultural nuances play a significant role and here aligning
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What is DRA certification?
The Debt Recovery Agent (DRA) Exam, conducted by the Indian Institute of Banking & Finance (IIBF), stands as a crucial step for individuals aspiring to work as Debt Recovery Agents in India. This comprehensive certification
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