101 Prakaran
Digitizes section 101 statutory recovery proceedings for cooperative banks. Manages notice, records and recovery workflows in a compliant manner.
Challenges
Bank faces several challenges in managing statutory recovery operations.
- Manual preparation of notices and proposals
- Dependency on handwritten or unstructured records
- Difficulty in tracking stage-wise recovery actions
- High risk of errors and non-compliance
- Time-consuming reporting for management and regulators
The Solution
GTT's 101 solution digitizes the complete Section 101 process & brings structure to statutory recovery operations.
- Centralized management of all 101-related data
- Automated generation of statutory notices and documents
- Structured tracking of recovery actions and stages
- Structured tracking of recovery actions and stages
- Secure storage of records for future reference
- Compliance-aligned workflows as per statutory requirements
End-to-End Flow
Key Outcomes
- Digitized Section 101 proceedings
- Instant notice preparation
- Total visibility on recovery
- Audit-ready compliance
Key Benefits
- Management: Actionable recovery intelligence.
- Operations: 90% less paperwork & manual entry.
- Compliance: Zero-error statutory filings.
Why GTT
- Deep domain expertise in cooperative banking
- Compliance-first design architecture
- Trusted technology partner
Our Location
Office No: 601, Sai Capital,
Senapati Bapat Rd, Laxmi Society,
Model Colony, Shivajinagar,
Pune- 411016 Maharashtra, INDIA
Other Locations
