Early Warning Signals – How Banks can Take Control of NPAs?

The year 2008 financial crisis was no less than a roller coaster ride for the banking industry. The non-performing assets in public and private sector banks soared and impacted directly on the banks’ portfolio. Banks and other financial institutions (FIs) soon realised that they need to be more alert and proactive in maintaining their asset…

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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…

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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…

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