S I M S M A R T
Secondary Market Archive of Records & Transactions
Direct Assignment is a focused business activity for many of the leading banks in India. It helps them to meet the priority sector lending targets and also deploy surplus cash reserves profitably. The overall business investment in this could be in the range of INR 350 thousand crores to INR 500 thousand crores. Increasing compliance requirements is making maintenance of this portfolio, a herculean task. There is no system solution that is available in the market to manage Direct Assignment.
S I M S M A R T Module© is an industry-first to manage the end-to-end process for Direct Assignment deals between Banks and NBFCs. It is a holistic automated solution and takes caters to all requirements across the various stages of the lifecycle of deals viz., Pre-Deal and Post-Deal and is a comprehensive management system for secondary market purchases.