Carry negotiated settlements to verified closure

Match approved settlement terms to receipts, account adjustments, security release conditions and borrower communication. A recovery officer authorises each step and can see unresolved conditions before confirming closure.

A new source file arrives or the scheduled reconciliation period closes.

People in the process

RRecoveriesProcess Owner
FFinanceParticipating Team
LLegalParticipating Team
CCredit AdministrationParticipating Team

Records it works with

Source ledgers and transaction schedules
Bank, counterparty or operating records
Approved adjustments and prior exceptions

The process is a starting point.The standards are yours.

Configure for the bank or lender’s category, permissions and applicable RBI directions. Outsourcing, customer conduct, recovery and reporting controls use the institution’s approved interpretation and delegated authority.

Keep the work connected.

Legal, Recoveries & Disputes

Prepare enforcement files for counsel’s remedy choice

Assemble executed facility and security documents, account ledger, notices, valuations and contested facts. Counsel can decide the available remedy and defensible next notice without rebuilding the borrower history.

CCE

Legal, Recoveries & Disputes

Investigate recovery-agent conduct against actual interactions

Bring assignment authority, call or visit records and borrower complaints into a single review. Collections and compliance decide corrective action, customer redress and whether an agency remains fit for assignment.

CCA

Legal, Recoveries & Disputes

Compare recovery paths from a complete exposure history

Bring payment behaviour, security position, pending disputes, prior offers and enforcement status to a recovery committee. Record the authorised strategy and dependencies so collection activity follows current legal and commercial facts.

Explore all Banking & lending processes.

Order for the work. Room for the people.