NPA's in India have become the subject of much scrutiny and discussion. The recent report by the Standing Committee on Finance talks about the deteriorating lending capacity of the banks due to the burgeoning problem of NPAs and current loan recovery mechanisms.
The NPA portfolio within 2015-2018 grew at a CAGR of more than 35%.However, the past two years have shown than early preventions can help businesses to recovery effectively and attain business efficacies. It’s time to know where to stand before the system decided to take control of your business.
In order to assist Indian companies to know their efficiency score, compared to industry standards, Decode Resolvency International, has devised a simplified scoring system that incorporates industry and company-specific data to arrive at an algorithm- driven score.