Early Warning System to Detect NPAs
State Bank of India (SBI) is in the process of putting in place a system of early warning signals to monitor performing of standard assets showing early signs of stress. Early Warning System (EWS) is a solution to identify borrowers in the bank’s portfolio showing early signs of stress and enable timely corrective action planning. Each account is monitored across a set of automated triggers to identify the riskiness of the account.
The SBI has tied up with the BPOs for making pro-active calls to stressed accounts in retail and real estate segment of Business Process Re-engineering (BPR) centre branches.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.
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MAM/KA