State Bank of Travancore initiated an asset tracking centre. The centre is established to assist the customers in making payments within the specified time. The fully fledged centre was launched by managing director of the bank. The bank has initiated the centre basically to improve the asset quality and it will also help them to look after the accounts properly.
Highlighting the working and features of the centre a spokesperson reported that the centre is centralized and will call the defaulters timely reminding them to make their payments. The centre will cover all types of customers under all the segments.
This measure of the bank will help to enhance the non performing assets. With the help of this borrowers will be free of stress of remembering the repayment dates.