MONEY NETWORK is a Resolution Agency managing Non-Performing Asset Portfolios of Banks and Financial Institutions. With an aim to provide a structured platform to the Banking sector to manage its mounting NPA stock and keep pace with international financial institutions, the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act was put in place in the year 2002 to allow banks and FIs to take possession of securities and realize outstanding dues.
MONEY NETWORK has been providing advisory services to Banks and Financial Institutions since the inception of the SARFAESI Act in order to unlock the value in NPAs, be it residential, commercial or industrial. As part of its endeavors, MONEY NETWORK carries out effective strategies for recovery of Bad Loans, and in the process carries our Due Diligence of NPA Accounts, enforcement of assets under Law, Arranging for Sale of Assets or eventual settlement to Effect Final Recovery of advances on behalf of Banks and Financial Institutions.
MONEY NETWORK is providing right guidance or right consulting to client about assets resolution.