Easy and Effective Debt Collection Services in India
Debt Recovery Agents are part of the financial space all over the world. The Lenders turn too specialized teams for recovery of their Non-Performing Assets.
Debt Collection means collection of debt from debtors who are not paying their debt honestly. All those who provide the service of debt collection are called debt collection agencies. They take some fees or commission from creditor for collecting the debt from his customers. In risk management, it is very necessary to get the services of debt collection agency.
The Web based Debt Collection in India is growing at a faster pace and is surely poised for growth. The credit card outstanding have shot up by a whopping 87% at USD 6114 Million during this year, from USD 2844 Million in the period year ago. The Reserve Bank of India (RBI) which regulates the banking industry in the country encourages banks to shift bad loans off their books more quickly because they will be required to hold more capital against risky assets that may default.
Here are some interesting facts about India debt collection practices:
One of the most effective techniques used by reputable agencies is called the “Winding Up Petition (also knows as Liquidation). This is the most successful procedure against a registered company which would like to continue business.
There is restriction in collection of payments in terms of cash. As per the Exchange Control Regulations, no Indian can accept payment from another Indian towards repayment to a foreign country. In international debt recovery the debtor is instructed to make payment directly to the original creditor.
According to India debt recovery regulations the limitation period of a debt is three years. However, if at any point the debtor makes a partial payment or a written acknowledgment of the debt, the period is extended three more years.
Indian outsourcing companies offer a wide variety of technical help desk services through multiple channels like email, chat, voice and the web. Dedicated teams are trained and equipped to provide immediate answers for technical queries from both customers and employees within your organization. Technical help desk services include:
- Network Technical Support
- Product Support
- Technical Application Support
- Onsite Technical Support
- Remote IT Infrastructure Management Services
- Pr and Post-Sales Technical Support
We are a leading service provider for the Debt Collection. The outbound call centers help improve the productivity of client's Web based Debt Collection in India department by providing all types of calling programs required by the organization and blend several types to determine what works best in the specific collections department.
About the Author This article submit for best debt recovery services provide you. We also help Indian companies to recover their international bad debts, no matter where the debtor is located across the globe. For more information you check our site.
Debt Collection means collection of debt from debtors who are not paying their debt honestly. All those who provide the service of debt collection are called debt collection agencies. They take some fees or commission from creditor for collecting the debt from his customers. In risk management, it is very necessary to get the services of debt collection agency.
The Web based Debt Collection in India is growing at a faster pace and is surely poised for growth. The credit card outstanding have shot up by a whopping 87% at USD 6114 Million during this year, from USD 2844 Million in the period year ago. The Reserve Bank of India (RBI) which regulates the banking industry in the country encourages banks to shift bad loans off their books more quickly because they will be required to hold more capital against risky assets that may default.
Here are some interesting facts about India debt collection practices:
One of the most effective techniques used by reputable agencies is called the “Winding Up Petition (also knows as Liquidation). This is the most successful procedure against a registered company which would like to continue business.
There is restriction in collection of payments in terms of cash. As per the Exchange Control Regulations, no Indian can accept payment from another Indian towards repayment to a foreign country. In international debt recovery the debtor is instructed to make payment directly to the original creditor.
According to India debt recovery regulations the limitation period of a debt is three years. However, if at any point the debtor makes a partial payment or a written acknowledgment of the debt, the period is extended three more years.
Indian outsourcing companies offer a wide variety of technical help desk services through multiple channels like email, chat, voice and the web. Dedicated teams are trained and equipped to provide immediate answers for technical queries from both customers and employees within your organization. Technical help desk services include:
- Network Technical Support
- Product Support
- Technical Application Support
- Onsite Technical Support
- Remote IT Infrastructure Management Services
- Pr and Post-Sales Technical Support
We are a leading service provider for the Debt Collection. The outbound call centers help improve the productivity of client's Web based Debt Collection in India department by providing all types of calling programs required by the organization and blend several types to determine what works best in the specific collections department.
About the Author This article submit for best debt recovery services provide you. We also help Indian companies to recover their international bad debts, no matter where the debtor is located across the globe. For more information you check our site.
