Visualize 4 bank professionals managing 400 collection agencies, where visits to each agency were scarcely possible once a year. They relied on centralized data inquiries and CD-based checks. This kind of monitoring doesn’t help control the notorious collection agencies.
Most of the time, Banks fail to evaluate the results reported and shared with them by the collection agents.
𝗪𝗵𝗮𝘁 𝗶𝗳 𝗮𝘂𝗱𝗶𝘁𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗲 𝘃𝗶𝘀𝗶𝘁𝘀 𝗳𝗼𝗿 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗲𝘅𝗮𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝘀𝗮𝗺𝗽𝗹𝗶𝗻𝗴 𝗰𝗮𝗹𝗹 𝗿𝗲𝗰𝗼𝗿𝗱𝘀?
That is what 𝗧𝗵𝗲 𝗞𝗚𝗔𝗖 has been assisting BFSI for the past years and helping Banks and NBFCs from being penalized.