A borrower’s bank statement shows a healthy credit history. No bounces, reasonable balances, steady inflows. The file goes to the sanction. What the reviewing team didn’t see: forty-six inbound UPI transfers across nine weeks from numbers with no identifiable source, each followed by near-complete withdrawal within 48 hours. UPI accounted for around 85% of India’s […]
There’s no shortage of bank statement analysis software in India. The harder problem, for a credit team at an NBFC, is figuring out which tools are built for your use case and which ones are built for a different kind of customer and happen to tick enough boxes during a demo to make shortlisting feel […]
Switching a bank statement analyser mid-operation isn’t something a credit team does on a whim. There’s data migration to worry about, workflow retraining, integration work, and (if the tool touches a loan origination system) a whole IT conversation that nobody particularly enjoys. So when a team does decide to switch, there’s usually a specific reason. […]
When you’re processing 50 business loan applications a week, bulk GSTIN verification stops being a quick formality and becomes a genuine throughput problem. Checking each number manually on the GST portal (searching by GSTIN, reading the result, matching it against the submitted documents) takes two to three minutes per application if nothing is wrong. If […]
A VP of Credit at a mid-sized NBFC in Pune ran a vendor evaluation last quarter. Her team processed more than 3,000 loan applications monthly on a manual review cycle that had let two fabricated bank statements through in Q3 2025. She needed a specialist tool, not a feature inside a larger platform her team […]
Business loans involve a basic question that sounds straightforward: is this a real, operating business? At Precisa, it’s a question that runs through thousands of loan files we process for lenders and NBFCs across India. GSTIN verification is one of the fastest ways to answer it, and one of the most skipped steps in informal […]
The Reserve Bank of India’s Annual Report for 2024-25 recorded banking fraud at ₹36,014 crore, a near-tripling from the ₹12,230 crore reported the previous year. Over 92% of that value was tied to the loan portfolio. A significant portion involves financial statement fraud: borrowers inflate revenues, suppress liabilities, or misrepresent cash flows to secure credit. […]
GSTR analysis for lenders is the automated cross-verification of borrowers’ GST returns (GSTR-1, GSTR-3B, GSTR-2A, GSTR-9) against bank statements to detect fraud, validate revenue claims, and assess creditworthiness. Precisa’s platform processes this verification in 2.7 seconds with 97% accuracy—catching 60%+ of fraud cases that single-source verification misses. A credit officer at a Bengaluru-based NBFC sits […]
QUICK ANSWER: The 10 critical red flags in bank statement analysis include: (1) Circular Transactions, (2) Document Metadata Tampering, (3) Running Balance Errors, (4) Sudden Large Deposits, (5) Fake Salary Credits, (6) Structuring, (7) EMI Stacking, (8) Bounced Payments, (9) First-In-First-Out Patterns, and (10) Template Mismatches. Red flags 1-6 indicate fraud (deliberate misrepresentation), while 7-10 […]
A bank statement analysis API integrates with a loan origination system by sitting inside the origination pipeline as an automated step. When an applicant uploads a statement, the LOS triggers a request to the API, the analysis runs, and structured output returns directly into the credit decision workflow. Precisa’s bank statement analysis API handles this […]
