The credit process at most NBFCs has a paradox at its centre. The organisation has invested in digital loan origination, a modern LMS, and a CRM. Yet the credit analyst is still downloading PDFs, copying figures into spreadsheets, and waiting on physical documents that need to be verified by hand. The front end is digital, […]
Every credit analyst has done it: downloaded a PDF bank statement, opened a conversion tool, waited for the output, then spent the next thirty minutes correcting broken tables, merging split rows, and rebuilding date columns that came out as plain text. That is the reality of manual PDF to Excel workflows in lending today. For […]
Defaults rarely arrive without warning. In the months before a borrower misses their first EMI, the bank statement usually tells a different story. The problem is that most credit teams catch these signals too late, if at all. And more often than not, the signal isn’t a single transaction. It’s a pattern of behaviour across […]
India’s NBFC sector occupies a particular position in the financial system. It serves borrowers that banks typically won’t, including MSMEs, self-employed professionals, informal traders who operate largely in cash, and small manufacturers with limited credit histories. That accessibility makes NBFCs essential to financial inclusion. It also makes them attractive channels for money laundering. The Prevention […]
Bank statement fraud isn’t new. Borrowers have been altering statements for years, using basic editing tools to change balances, erase bounced cheques, or inflate salary figures. What’s changed is the sophistication of those tools and the effort required to produce something convincing. AI can now generate bank statements that pass a visual inspection without raising […]
India processed over 228 billion UPI transactions in 2025. That scale has also created cover. Fraudsters use mule accounts, bank accounts opened or hijacked specifically to route stolen funds, to move money through the UPI network faster than most institutions can trace manually. According to the Finance Ministry’s data tabled in Parliament in November 2024, […]
A loan applicant submits three months of bank statements. The numbers look good. Regular credits, a healthy average balance, no obvious red flags, nothing a standard review would flag during bank statement analysis. The credit team approves. Disbursement goes through. A few weeks later, repayment stress sets in. When someone investigates, the pattern emerges: the […]
Year-end reviews land at the worst possible time. Documents pile up, clients call with last-minute queries, and the window to make any meaningful changes is closing fast. For CAs managing a full roster, the real challenge isn’t knowing what to look for; it’s getting through the analysis quickly enough to act on it. ITR analysis […]
Tax filing season is when the cracks start to show. Businesses that have spent months accumulating Input Tax Credit (ITC) on questionable invoices suddenly need those claims to hold up. Clients who papered over weak months with fictitious purchases now sit across from their CAs, expecting clean filings. And CAs, working through stacks of GSTR […]
Tax season is when most CAs get their clearest look at an SME client’s finances. But by then, the gaps have already compounded. The mismatched GST filings, the months where outflows quietly exceeded inflows, the informal loans disguised as irregular credits, the salary that shows up three days before a suspiciously large withdrawal. None of […]
