Shillong, Aug 21: The Collections and Recovery summit India 2024 concluded on a high note, marking a significant milestone in the evolution of the debt collections and recovery industry in India.
The two-day summit organized by The Future Event – a global productions company – began on August 7 at The Leela, Mumbai. The summit attracted over 400 professionals from across the banking and financial services sector, which included senior executives, regulators, legal experts, and technology innovators.
During the summit some of the key agendas that were discussed included “evolution in debt recovery in corporate – regional and global perspective, digitization of lending and financial inclusion, risk management in collection and recovery ecosystem” and other topics.
The opening panel discussion on “weaving collections and recovery into a business strategy” witnessed Rishabh Goel, Co-Founder and CEO of Credgenics, Himanshu Bhattacharjee, Business Head Home Loans and Head of Collections at Jio Financial Services, Debjyoti Datta, Senior Vice President- National Collection Head – LAP and EEG at HDFC Bank, Rahim Khan, General Manager Collection and Credit Management at Mahindra Holidays and Resorts and Ashish Lakhtakia – Chief Legal and Compliance Officer and Company Secretary- Future Generali, taking part.
The event concluded with an award ceremony honoring and recognizing the pioneering and trailblazing banks and financial services providers in collections and risk management who have demonstrated unparalleled excellence and innovation. These awards recognized the exceptional strategies, cutting-edge technologies, and outstanding leadership that drive industry standards forward from both Public and Private Sector Banks.
During the summit awards were also handed out to winners in different categories. Bank of Baroda won the award in the category “innovative risk management framework – collection practices, among public sector banks.
Bank of Baroda also won in the category: “portfolio management strategies – receivables management. TVS Credit Services Ltd won the award in the category “collections technology use case”.
In the collections technology solution category Credgenics won the award and in the team award “receivables management functions -business re-engineering, Bank of Baroda bagged the honours.
In the category “excellence in stressed assets management technology” OTOBIDS Pvt. Ltd took home the honours and in “collections and legal recovery solution provider, Provakil won the award. Indostar Capital Finance limited won the award for collections strategy management.
The summit was sponsored by collections solutions providers such as Credgenics, Otobids, ClearTouch, Enterprise Tiger andgoCollect, Provakil, Easy Recovery, Freed, Newowise, Conneqt Business Solutions, Good Score, CredCollect, Dista, Rezo.ai, Wevaad and Vymo.
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