debt recovery software for banks
General

Leveraging the Right Technology is Pivotal to Rein in NPAs

Over the last seven years, gross non-performing assets (NPAs) of public sector banks (PSBs) have doubled, going from INR 2.24 trillion in 2014 to INR 5.40 trillion in 2021. As per a Reserve Bank of India (RBI) report, the gross non-performing assets (NPAs) of banks may increase from 6.9% in September 2021 to 8.1% by September 2022 under the baseline scenario and to…

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B2B Fintech Company in India
General

B2B Fintech Company In India

Introduction The word ‘Fintech’ is a portmanteau of the two terminologies- ‘finance’ and’ technology’. A debt collection fintech company in India is a form of business that utilizes technology to enhance or automate financial processes and services. Traditional financial services went through a radical transformation and emerged as a technology bases business. In the year 2015, the Fintech business witnessed…

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