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Paul Merchants Charts IT Mission with New-Age Technologies

shweta

While strengthening its IT infrastructure to make it future-ready, the company is modernizing its business applications by incorporating new-age technologies like AI/ML.     Paul Merchants is upping its ante on digital and security initiatives by leveraging new-age technologies like AI/ML, RPA, analytics and blockchain. The company credits its business …

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Loan Recovery plans being crafted by Banks amid Coronavirus Crisis

Rajeev Jain, MD and CEO reportedly noted that they are adding near to 2,800 officers in the company to this particular activity. Due to the pandemic and lockdown measures, the customers have not been able to pay by cash and the bounce rate of this portfolio due to this have surged from an average of 19% in  Jan, Feb, March to about 86% in April and May

Since banks and non- banking financial companies are tackling the challenge of recovering their retail loans during this global disruption to household incomes from the coronavirus crisis, new ways and strategies for the loan recovery is being mapped. Many of these financial institutions are getting their existing workforces repurposed to …

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