Recoveries/Collections play a major role in finance business in order to secure the company asset. At Singer Finance Senior Manager or equal position heading the recovery division. He is assisted by Recovery Managers/executives; Recovery officers/assistants manage the collections infield level. In addition, at Branch level Branch Managers and branch staff is also involved in collection functions.
Further to strengthen the recoveries, Legal panel handles the difficult cases by way of Arbitration/ filling actions through Magistrate & District courts.
Generally Following steps will be taken as a procedure of the Company in Recoveries.