5 Ways Litigation Management System (LMS) help Banks in dealing with NPA

Litigation and Legal Management Systems are designed to help banks and financial institutions by automating their recovery processes and seamlessly accessing legal information about borrowers, NPA accounts, bank’s recovery etc. LMS is used to manage and automate all the legal proceedings in banks. It is responsible for issuing notices to defaulters, reminding court hearing, managing…

One-Time Settlement for Recovering NPAs in Banks

One-time settlement or OTS is a type of compromise settlement executed by the banks in order to recover non-performing assets (NPAs). OTS is a scheme where the borrower (the one who has defaulted) proposes to settle all the dues at once, and banks agree to accept an amount lesser than what was originally due. The…

A Brief on Core Banking Solutions

The Banking industry has been growing by leaps and bounds with each passing day. Over the past decade, it has transformed tremendously and the services offered cater to many demands over and above merely disbursing loans and collecting deposits. Today, the entire gamut of banking products and services are managed collectively through Core Banking. But,…