The covid crisis and moratorium have severely hurt the NBFC sector, leading to eroded bottomlines. This has created an urgent need to tighten up processes relating to Loan Modification, Collections, Compliance, NPA Management, Litigation Management, etc. In addition, data needs to be collected real-time for an up-to-date 360 degree customer view along with timely and accurate early warning signals. Banking Frontiers organized a web panel discussion among NBFC leaders who are keen to adopt best practices in technology transformation and data assimilation that will strengthen their organization’s health and boost their bottom line.
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