Prone to Default
MSMEs 18,33,435
Personal loans 7,79,891
Credit Cards 1,16,290
Consumer Durables 7,242
(In ₹ crore); MSMEs include priority sector; Personal loans as of Feb 2021; Source: RBI
IN a large Mumbai-based private bank, collection and recovery targets for executives in the credit cards and personal loans division have doubled this year. The bank is using advanced data analytics and engaging with multiple new-age technology firms in risk management. It is analysing granular data of Covid-hit states for exposure in home or personal loans, nature of employment of borrowers (services or manufacturing), and impact on income post the Covid second wave.
The delinquency management strategy of the bank includes a “collection strategy” for loans under default between 90 and 180 days. The 180 days plus default accounts will straightaway move to recovery using legal remedies or selling to asset reconstruction companies (ARCs). “There is pressure on keeping delinquencies low by proactively reacting to stress cases by selling loans to ARCs or exploring other legal remedies,” says a market player aware of the bank's collection strategy. The bank knows this time round the government or the Reserve Bank of India (RBI) is not likely to be as sympathetic as it was last year.
Denne historien er fra May 16, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 16, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky