The solution assists you in effectuating the following operational instances
Creating 'compromise proposals'
Pursuing legal action in regulation with the SARFAESI Act
Filing of law suit by cumulating the right reports and commencing the process
Creating of Status Notes on NPA accounts
Generating RBI specific reports consolidating journal entries based on your preferences
Why Credit Monitoring & NPA Management?
"The increase in NPAs (within the banking sector) has been the highest in Q1 FY18 witnessing an increase of
about 16.6 per cent to reach ?8,29,338 crore as of June 2017. Experts predict NPAs to reach an all-time high of
20% if banks fail to find a solution to mitigate this detrimental trend."