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Is complete solution to manage non-performing loans of financial institutions – from default stage, NPA marking to legal processes, legal award / write-off / one-time settlement.
It assists in identification, marking and monitoring of loans under default, categorization as per regulatory requirements, borrower follow-ups & communication and managing the legal recovery processes such as Arbitration, SARFAESI, Debt Recovery, Cheque bounce and Bankruptcy, etc.
The solution also manages the book-keeping aspects of non-performing loans – collateral tracking & valuation, interest & penal interest calculations, penalties & charges, recovery expenses and provision projections.