Karnataka Bank launches a Digital Recovery Tool

Karnataka Bank has launched a web tool named VASOOL SO-Ft (VASOOL SOFAST) for digitalising NPA recovery process.

Mahabaleshwara M S, Managing Director & CEO said that "As part of Transformation journey, a digital tool for recovery of stressed assets is launched today which will provide end-to-end digital solution. The tool will enable easy & faster processing, real time information and immediate decision making in the recovery area. It will further obliterate the use of paper and I am sure, it would result in overall efficiency enhancement in recovery efforts of the Bank."

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