From disbursement to closure — every loan, every day, audit-ready.
The Loan Management System designed for Indian regulatory reality, not a global platform's afterthought.
CortexData LMS handles the loan lifecycle the way RBI Master Directions describe it: daily accrual, IRACP-aware NPA bucketing, every regulatory return ready to file, gold + CC/OD + restructuring + recovery as first-class workflows — not as afterthoughts.
- EMI scheduler + daily interest accrual (RBI 365-day retail convention)
- Daily NPA classification + IRACP provisioning at UCB rates
- Gold loan lifecycle: LTV recalc, margin call, dual-control release, auction workflow
- Restructuring, write-off, recovery + SARFAESI legal escalation tracker
- Daily DSB / monthly IRACP / quarterly PSL Form A / quarterly OSS-3 — all built-in
- CBS-agnostic via adapter port — works with or without your core
- 01EMI scheduler + daily interest accrual (RBI 365-day retail convention)
- 02Daily NPA classification + IRACP provisioning at UCB rates
- 03Gold loan lifecycle: LTV recalc, margin call, dual-control release, auction workflow
- 04Restructuring, write-off, recovery + SARFAESI legal escalation tracker
The lifecycle, end to end.
If RBI describes it, CortexData LMS implements it. If your operations team needs it, it's already there.
EMI scheduler + daily accrual
Reducing-balance EMI math, 365-day RBI retail convention, end-exclusive day count. Idempotent daily interest accrual job. Per-loan accrual journal.
NPA classification + IRACP
Sub-Standard / Doubtful / Loss bucketing per RBI Master Direction. Provisioning calculator (UCB rates, secured + unsecured). Monthly IRACP return generator.
Gold lifecycle
LTV monitoring + daily recalc against IBJA spot, margin-call alerts on tier transition, dual-control release, auction governance for unredeemed pledges.
Restructuring + settlement
PROPOSED → APPROVED → ACTIVE state machine. Per-RBI-Resolution-Framework eligibility gating. Settlement-payment ledger with board-resolution requirement above threshold.
Write-off + recovery
Prudential vs. technical write-off accounting per RBI. Append-only legal-escalation tracker (SARFAESI 13(2) → 13(4) → suit → decree). Post-write-off recovery booking.
RBI returns automation
Daily DSB / Form B, monthly IRACP, quarterly PSL Form A, quarterly OSS-3 statement of advances. EN/KN/HI rendering. Stable document IDs for audit.
CC/OD drawing power
Stock + debtors + creditors statement workflow. Drawing-power calculator with per-facility margin overrides. Monthly recalc sweep.
Branch ops
PDC stack lifecycle (lodge → present → cleared/bounced → replaced). Branch cash + cheque receipt with denomination validation. Standing-instruction collection.
Dunning orchestration
5-tier policy (PRE_REMINDER 1-7d, SOFT 8-29d, FIRM 30-59d, HARD 60-89d, LEGAL_HANDOFF 90+d). SMS, WhatsApp, IVR, branch-call channels. Tier-specific templates.
Channel reconciliation
NPCI, e-Kuber, CTS, NACH, Visa+MC, RuPay parsers. Per-channel exception queue. AMOUNT_MISMATCH bucket for review. Daily auto-recon job.
CBS-independent ledger
Double-entry LMS ledger that runs whether CBS is live or being built. ICBSConnector adapter shim — disbursement filers and /payments stay CBS-agnostic.
Observability
Prometheus metrics on every state transition. Alert rules for stuck queues, NPA breaches, reconciliation gaps. Grafana-ready exposition.
Every regulatory framework, mapped
| RBI directive / framework | CortexData implementation |
|---|---|
| RBI Master Direction — IRACP | Asset bucketing (Standard / SMA / Sub-Standard / Doubtful / Loss), provisioning at UCB rates, secured vs. unsecured cuts, monthly IRACP return |
| RBI Master Direction — Priority Sector Lending | PSL tracking through the loan lifecycle; quarterly PSL Form A return; weaker-sections monitoring |
| DSB / Form B — Daily Statement of Banking advances | Daily generator composing M20 IRACP classification + provisioning + L37 PSL flag, EN/KN/HI rendering |
| OSS-3 — Quarterly Statement of Advances | PSL-granular sector cuts, RBI 4-tier geography rollup (RURAL/SEMI_URBAN/URBAN/METRO), large-exposure flagging at ₹5 Cr threshold |
| RBI Resolution Framework / Restructuring Guidelines | Eligibility gate (ACTIVE + ≥60 days overdue), single-non-terminal-proposal invariant, dual-control at decide AND activate, board-resolution requirement |
| RBI Gold Loan Master Direction | LTV monitoring, daily recalc, margin-call alerts, dual-control release, auction notice + public notice + settlement workflow |
| RBI Recovery Guidelines / SARFAESI Act | Append-only legal-escalation ladder (secured: SOFT → DEMAND → LEGAL → SARFAESI 13(2) → 13(4) → SUIT → DECREE → RESOLVED). 60-day cure deadline auto-stamped. |
| RBI Customer Service / Banking Ombudsman | 30-day grievance SLA tracking, ombudsman-escalation register, audit trail for every stage |
Frequently asked questions
See LMS classify your portfolio.
Bring us a sample loan tape. We'll run it through CortexData and hand back the IRACP buckets, provisioning, PSL flags, and DSB return — in your bank's format.