Shanky Finance provide a One Window Service for resolving NPAs / Bad Debt management of Banks / FI's / ARC's Through various structures currently available i.e., within the Legal framework of The Recovery of Debts Due to Banks & Financial Institutions of Financial Assets and Enforcement of Security Interest effective and speedy resolution of non-performing assets through the various available means and services.
Shanky Finance exclusively working for NPA Segment, whether you can say it as NPA Retrieval, Loan for NPA, NPA Recovery, NPA Solutions, NPA Accounts Settlement, NPA Takeover, NPA Financing, Finance facility for NPA accounts, Transfer of NPA accounts, NBFC or Bank for NPA apparently all things are same.
Shanky Finance Company with its appropriate credentials proposes to offer a wide array of services such as Legal Assistance, Restructuring, Enforcement, Valuation, Security, Investigation Services, Sale of Assets, Compromise / One Time Settlements and all other means to help Banks and Financial Institutions and The DRT in resource mobilization to realize the value locked in bad debts and non performing assets (NPAs). It aims to become the most influential service provider in the field of NPA/Bad Debt Management segment.
Banks are required to classify non-performing assets further into the following three categories based on the period for which the asset has remained non-performing and the reliability of the dues:
* Sub-standard Assets
* Doubtful Assets
* Loss Assets
SUCCESS MANTRA to handle the NPA situation by Shanky Finance is as under :
> Gain time legally.
> Get an equal stand with the Bank to agree to work out an amicable solution.
> Restructure the business, gain financial strength and improve bargaining power.
> Ultimately settle with the Bank amicably and put the unit back in a healthy state.