Union Bank rolls out automated solution to monitor stressed loans
Chief general manager Ashok Chandra said automation will eliminate errors and cut the time taken to initiate recovery to a few days from months earlier.
Auto-debit bounce rates for loan EMIs inch up in MarchIn March, the bounce rates by value were at 22.8%, better than the pre-Covid range of 24.5%-25.0%, arresting the downward trajectory reflected all through FY22. Similarly, bounce rates by volumes, too, rose sequentially to 29.6% much better than the pre-Covid average of 30.5-31.5%.
https://ift.tt/Io9ZxRf
Post a Comment