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TMI BlogDFS Secretary Dr. Vivek Joshi presides over workshop on enhancing ‘customer service’ experience by banksX X X X Extracts X X X X X X X X Extracts X X X X ..... DFS Secretary Dr. Vivek Joshi presides over workshop on enhancing ‘customer service’ experience by banks - News and Press Release Dated:- 23-12-2023 - News - DFS Secretary Dr. Vivek Joshi presides over workshop on enhancing ‘customer service’ experience by banks - - - Dated:- 23-12-2023 - Dr. Joshi also chairs two meetings on Acquisition of accounts by NARCL and Resolution of accounts under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of IBC Dr Vivek Joshi, Secretary, Department of Financial Services (DFS), today presided over a workshop on customer service attended by MDs/ EDs of banks including that of Public Sector Banks (PSBs). During the workshop, a few banks presented the initiatives undertaken by them to enhance customer service experience, while constantly monitoring customer feedback via multip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le channels, and enabling better contact-center experience. To capture on-ground pulse of customer experience at PSBs, a detailed customer survey had been conducted through 3 key interventions: social listening (capturing voice of customers across 10 digital platforms like X, Facebook, et al); customer interviews and surveys; and analysis of data submitted by banks (av ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g wait time of customers at branches/ call center, availability of self-service machines, etc.) During the workshop, it was emphasised that PSBs can take initiatives across multiple pillars like institutionalised customer service measurement (process efficiency, channel mix, complaint management, etc. ), developing a customer centric mindset across entire organisation , adopting techn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ology for improving customer service ( embedding technology in product and customer processes) and setting service delivery standards. Later during the day, Dr Vivek Joshi, Secretary, Financial Services chaired a meeting to discuss the progress of National Asset Reconstruction Company Limited ( NARCL). The meeting was also attended by Chairman, SBI; MD CEO/ EDs of banks, including ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that of PSBs and Chairmen of NARCL and India Debt Resolution Company Ltd (IDRCL). During the course of the meeting, NARCL and banks flagged challenges faced by them. It was observed that lenders are required to set up system and processes to efficiently assign potential debt to NARCL. Further, deliberations of processes that could lead to minimising the time taken for acquisition process were d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one. The issues pertaining to inter-se creditors arising due to differential security structures, additional collaterals, exclusive securities, which lead to longer time frame, were also discussed. Dr. Joshi also chaired another meeting to deliberate on the status of resolution of accounts under the provisions of IBC. The meeting was also attended by Secretary, Ministry of Corporate Affairs, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri Manoj Govil; Chairman, IBBI, Shri Ravi Mitall; senior officials of Department of Financial Services and Ministry of Corporate Affairs, Chairman, SBI; MD CEOs/ EDs of banks including that of PSBs. During the meeting status of ongoing insolvency cases filed by banks in respect of large accounts was comprehensively discussed. In order to improve efficiency in IBC processes, including ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , inter-alia, simplifications of applications filed by banks, hiring of more experienced counsels and regular monitoring by bank s management of high value cases were also deliberated. It was suggested by banks that record of default provided by the National E-Governance Services Limited (NeSL) should be sufficient ground for ascertaining the existence of a default, which will help in expeditiou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s admission of insolvency applications. Banks also flagged the requirement for having a working collaboration amongst banks legal teams, NeSL and the Insolvency and Bankruptcy Board of India for swift, efficient and time-bound resolution. It has been decided that MDs of the banks shall monitor all the cases very closely and particularly, top 20 accounts at their level. - - News - Press releas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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