NPA Overview

Technology will be the single greatest factor that is going to impact NPA Management and Reporting, and the need today is to track and manage the NPA.
It reduces the risk, lowers the transaction costs and enhances the transparency for the Financial Institutions.
It automates the complete NPA process to increase the efficiencies of conventional processes, eliminating the complete human interventions while mitigating the challenges for ever changing scenarios of the regulators.

The functionality of the application is to automate the processes and to provide a unified End user Computing system
It provides a single interface for all NPA processing
The application aims to automate the complete process of identifying, classifying, provisioning of organization wide NPA
The provisioned NPA data can further be used for Reporting to the regulators
Comprehensive MIS to the internal stakeholders
The application also aims to do away with manual intervention to the maximum extent possible
Accommodate ever changing Regulatory requirement scenarios

Two Factor Authentication for user access
Daily input of data from multiple core banking systems through SFTP (T+1 transactions)
Daily computation of – NPA / NPI Identification
– NPA / NPI Classification
– Upgrade / Downgrade Provisioning
– Income recognition / de-recognition
– Exception Management with 2 level workflow
– Asset Classification and NPA date updating on core banking system
Single Screen access to multiple bank-wide function of NPA management

Highly customized complex workflow solution with 4 eye check process
Single instance solution enabled for multi-product, multi-entity operations
Capability to handle large volumes of data
Efficient development strategy ensuring simple and ease of business operations
‘Built-in’ capable architecture to accommodate enhancements and innovative features, on priority
Secured access control with audit trails

Written by Admin