debt recovery software for banks

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 doubledĀ¹, going from INR 2.24 trillion in 2014 to INR 5.40 trillion in 2021. As per a Reserve Bank of India (RBI) reportĀ², 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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Debt Recovery Software
Debt recovery

Reviving Finances: The Power of Debt Recovery Software

Introduction Debt Recovery Software is a process in which a loan goes unpaid continuously. To save the loan from becoming a bad loan or non-performing asset, the creditor hires a collection agency or a Debt Recovery Software, a third party that helps in the legal recovery of the loan. Loan Recovery Platform verifies every claim of creditors, and then a…

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