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 […]
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, […]
The Account Aggregator (AA) framework was built to solve a real problem. Borrowers no longer need to collect physical bank statements, lenders get verified, tamper-proof financial data, and the entire consent-based flow happens in minutes rather than days. In theory, it’s a clean system. In practice, it breaks down more often than lenders publicly acknowledge. […]
The Income Tax department has a new tool in its enforcement playbook, and it’s one that finance professionals should pay close attention to. India’s I-T department is increasingly tapping into GST filings to widen the country’s direct tax base. The intent is straightforward: cross-check what businesses declare to the GST Network against what they report […]
An MSME applies for a ₹25 lakh working capital loan. GSTR shows ₹60 lakh annual turnover. Bank statements show a healthy cash flow. The credit officer approves. Six months later, the loan defaults. What went wrong? Most lenders verify GSTR data and bank statements as separate documents. GSTR confirms business legitimacy and turnover. Bank statements […]
Your underwriter approved a Mumbai trading firm in 48 hours. Clean documents, stable cash flow, CIBIL score of 730. Eight months later, it’s restructured. The Jaipur application you rejected last week? Your competitor funded it, and it’s performing. Same underwriting model. Same credit policies. Different states, different outcomes. India’s ₹46 lakh crore small business credit […]
The Goods and Services Tax (GST) regime in India emphasises transparency and accountability and has reshaped how financial institutions assess businesses’ creditworthiness. GST compliance, especially timely and accurate tax filing, has become a critical factor in loan approvals for Indian businesses. Lenders now view compliance as a primary indicator of creditworthiness and risk. Delayed tax […]
Loan evaluation in India still depends heavily on bank account verification, but the number of applications banks, NBFCs, DSAs, and advisory firms handle every day is much higher and complicated than what traditional processes were built for. Many credit underwriters still rely on manual checks, even though the Reserve Bank of India’s 2022 Digital Lending […]
Direct Selling Agents (DSAs) connect potential borrowers with the most suitable financial institutions and vice versa. As the number of borrowers grows, financial institutions are relying more on DSAs for loan distribution. However, as DSAs, you face stiff competition and numerous challenges; manual due diligence is one of them, which ultimately impacts DSA ratings. DSAs […]
APIs (Application Programming Interfaces) now drive innovation and operational efficiency across fast-evolving technology domains. API integration enables lenders to automate bank statement analysis, replacing manual reviews with data-driven insights. This approach accelerates and standardises the process for extracting and analysing customer financial data. All lenders, including fintechs, banks, and NBFCs (Non-Banking Finance Companies), process thousands […]
