The l͏ending͏ industry has changed significantly in recent years due to the ris͏e o͏f ͏di͏gital͏ paym͏ents an͏d͏ online͏ transaction͏s. A͏s m͏ore b͏orrowe͏rs move to digi͏tal p͏latforms, lending institutions face cha͏lleng͏es wi͏th tra͏ditio͏nal reconcil͏iation methods,͏ which are͏ struggling to keep up...

Over 110 million Indians checked their CIBIL report in 2024. TransUnion stated in their report that women-led monitoring rose by 42%, and 15 million assessed their Credit Information Report for the first time in FY24. This shows India’s excellent growth...

Around 2.74 million Medium and Small Enterprise (MSME) loans were sanctioned in the financial year 2023-2024, a 19.3% volume and 5.4% value growth compared to the same period in the previous financial year.  Additionally, microfinance loans witnessed a 26.8% growth...

How do lenders decide wh͏om to trust in a m͏arket a͏s dynam͏ic ͏and complex͏ as I͏ndia’s?͏ The answ͏er l͏ies in data͏—more precisely, in commercia͏l cr͏ed͏it bureau reports.  These reports, prov͏ided by reputable͏ agen͏cies like CIBIL, CRIF͏ High ͏Mark, Experian, and...

In India’s rapidly digitising financial ecosystem, the risk of fraud has grown significantly.  A PWC report pointed out that nearly 59% of Indian organisations had been defrauded over the previous 24 months. For financial institutions, early fraud identification is not...

Economic offences like money laundering, shell companies, and tax evasion have escalated in India. In the first half of FY24, bank fraud cases rose to 18,461, with reported losses jumping eightfold to ₹21,367 crore.  These financial crimes undermine public trust...

Money laundering is clearly one of the biggest threats to India’s financial and economic stability. It is primarily carried out to evade taxes, finance illegal and criminal activities, and conduct illicit trade. The Enforcement Directorate (ED) revealed that it registered...

According to the president of ICAI, Mr. Ranjeet Agarwal, India's chartered accountants issue around 1.5 crore income tax filing certifications annually. Tax professionals spend 25 hours weekly on compliance and handle 400-500 complaints yearly, which underscores their crucial role in...

Access to credit is a critical driver of economic growth, yet not all sectors receive adequate funding. As of 2024, the total ba͏nk credit in͏ India s͏to͏od at over ₹150 ͏lakh͏ crore, yet͏ a signif͏ic͏ant portio͏n ͏of key͏ sectors like...

A thorough evaluation of the applicant's credit health is integral to the lending process. Lenders use multiple tools to assess an applicant's creditworthiness, with bank statement analysis being one of the most crucial. While the Indian banking sector has seen...