SBI Cards & Payment Services Branch Collection Manager Interview Questions and Answers

Recovering money requires a systematic approach and effective communication with the debtor.

• Identify the reason for non-payment and address it promptly

• Establish a payment plan and follow up regularly

• Consider legal action if necessary

• Maintain a positive relationship with the debtor to ensure future business

• Utilize collection agencies or debt collectors as a last resort

Recovery refers to the process of regaining something that has been lost or damaged.

• Recovery can refer to financial recovery, such as the process of recovering unpaid debts or loans.

• It can also refer to physical recovery, such as the process of recovering from an injury or illness.

• In the context of data, recovery can refer to the process of recovering lost or corrupted data.

• Recovery can also refer to the process of res...read more

Recovery tools are software or hardware used to recover lost or corrupted data.

• Recovery tools can be used to recover data from hard drives, USB drives, memory cards, and other storage devices.

• Examples of recovery tools include Recuva, EaseUS Data Recovery Wizard, and TestDisk.

• Recovery tools can also be used to recover deleted or lost partitions on a hard drive.

• Hardware recovery tools include devices that can read data ...read more