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. […]
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 […]
When a borrower submits a loan application, two financial documents typically make their way through your process. The financial statements tell you what the business claims to have earned and spent. The bank statements tell you what the account actually recorded. When either document is fraudulent, the investigation that follows looks completely different because the […]
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 […]
The surge in the lending market in India is already expected to reach $724.2 billion by the end of this year. This requires lenders to rely on intelligent solutions that expedite and strengthen decision-making. Lenders need bank statement analysis tools that go beyond basic document review. They need platforms that extract actionable insights from raw […]
When it comes to financial forensic audit, time directly affects outcomes. Many audit firms still spend 30–45 days manually reviewing bank statements, reconciling transactions, and tracing fund movements across accounts. These delays usually arise from unstructured data, inconsistent bank formats, and the need for manual cross-verification, all of which slow investigations and increase operational risk. […]
If you’ve ever been part of a financial forensic audits, you know how long and tiring it can be. These audits are essential for spotting fraud, checking creditworthiness, and ensuring compliance. But traditional audits move at a snail’s pace. According to the International Journal of Innovative Science and Research Technology, AI can now perform real-time […]
Fixed Obligation to Income Ratio (FOIR) shows how much of your monthly income is already locked into fixed payments. This includes EMI payments, rent, and insurance premiums. When you apply for a loan, lenders assess your FOIR ratio to see if you can handle more debt. Most lenders in India favour your FOIR to stay […]
The role of chartered accountants has changed significantly over the past ten years. They are now expected to provide more insightful analysis, manage compliance, and offer strategic counsel in addition to keeping the books organised. However, one task still requires a significant amount of time: manually sorting through financial transactions. S͏t͏ud͏i͏͏e͏s show͏ ͏͏that ͏fi͏na͏n͏ce pr͏of͏e͏ssi͏ona͏͏ls […]
We see this often with DSAs—long days spent chasing leads, assessing eligibility, and preparing applications, only to have hours disappear into manual verification, document sorting, and fragmented compliance checks. DSAs tell us the same thing repeatedly: processing a single case can take over two hours, slowing growth and making it harder to keep up with […]
