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Indian Overseas Bank takes to skip tracing, recovers Rs 75 cr fromdefaulters

Skip tracing is a method of locating a person who has Skip Tracing Tool disappeared without any trace. It makes use of comprehensive contact information on customers from credit bureau databases updated from financial institutions on a regular basis. The information includes names, How to find personal information? addresses, email ids, PAN, Aadhaar and anything that a customer provides as a know your customer (KYC) detail to any financial institution while applying for a loan or during any other process. Credit information companies have tools that match all the records and data available with them to a particular customer to provide an updated information on a person. Bankers take their help to find out the latest information about a person whose account has become a non-performing account. Interestingly, banks in general are also believed to employ the services of software professionals to locate people who disappear without any trace as a credit information company has to work within the limits of regulations but a software professional working independently does not have any bounds. A cyber expert that FE spoke to revealed there are various ways by which a person can be located through their emails. “Software professionals sometimes send emails with links to a NPA customer who needs to be found. If the targetted person clicks on the links, the IP address of that person gets logged and we can know where exactly that email was opened,” said the expert.

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