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Phone number: +91 98450 76647

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3 Major Consequences of Money Laundering for Lenders in India

3 Major Consequences of Money Laundering for Lenders in India

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...
Read More
Integrated Approach: How BSA Platforms Simplify Complex Tax Filing

Integrated Approach: How BSA Platforms Simplify Complex Tax Filing

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...
Read More
RBI’s New ͏Pri͏ority Sector ͏Lend͏ing Guideline͏s: Expandi͏ng Credit Horizons

RBI’s New ͏Pri͏ority Sector ͏Lend͏ing Guideline͏s: Expandi͏ng Credit Horizons

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...
Read More
10 Reasons Why Lenders Prefer Precisa’s Statement Analysis Tools

10 Reasons Why Lenders Prefer Precisa’s Statement Analysis Tools

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...
Read More
How Bank Statement Analysis Enhances Credit Scoring Models & Loan Approvals

How Bank Statement Analysis Enhances Credit Scoring Models & Loan Approvals

Credit scoring models are the backbone of the lending ecosystem, enabling lenders, including financial institutions, to evaluate the risk involved while approving loans for every applicant. Traditionally, statistical and linear programming models, often considered the...
Read More
Perpetual Credit Lines: Why Is RBI Raising Concerns

Perpetual Credit Lines: Why Is RBI Raising Concerns

India’s lending landscape has evolved rapidly in the last decade, driven by the onset of non-banking financial companies (NBFCs) and Fintech startups and the insurgence of advanced technologies in different areas of the lending cycle....
Read More
RBI Eases Risk Weights on NBFC and Microfinance Lending: 4 Key Implications

RBI Eases Risk Weights on NBFC and Microfinance Lending: 4 Key Implications

By reducing risk weights on lending to microfinance institutions (MFIs) and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) has indicated a major policy shift. Intended to boost lending availability and, thus, economic...
Read More
Best Practices for Lenders to Prevent Money Laundering

Best Practices for Lenders to Prevent Money Laundering

The Reserve Bank of India (RBI) has continually strengthened its laws against money laundering, levying significant fines on non-complaint banks and financial institutions. However, laundering continues to be a major challenge for India's financial system,...
Read More
Forensic Audits vs. Traditional Audits: Key Differences and When to Deploy Each

Forensic Audits vs. Traditional Audits: Key Differences and When to Deploy Each

India suffered over ₹11,000 crore in losses to cybercrime in 2024. Stock trading frauds alone accounted for ₹4,636 crore. Tamil Nadu specifically reported losses over this period of ₹1,116 crore. For financial health, traditional audits...
Read More
How to Identify and Report Suspicious Transactions: A Guide for Lenders

How to Identify and Report Suspicious Transactions: A Guide for Lenders

PwC India's analysis predicts a major increase in digital financial suspicious transactions, with volumes rising from 159 billion in FY 2023-24 to 481 billion in FY 2028-29. This sustained growth pattern indicates that the number...
Read More
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3 Major Consequences of Money Laundering for Lenders in India

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...
Read More

Integrated Approach: How BSA Platforms Simplify Complex Tax Filing

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...
Read More

RBI’s New ͏Pri͏ority Sector ͏Lend͏ing Guideline͏s: Expandi͏ng Credit Horizons

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...
Read More

10 Reasons Why Lenders Prefer Precisa’s Statement Analysis Tools

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...
Read More

How Bank Statement Analysis Enhances Credit Scoring Models & Loan Approvals

Credit scoring models are the backbone of the lending ecosystem, enabling lenders, including financial institutions, to evaluate the risk involved while approving loans for every applicant. Traditionally, statistical and linear programming models, often considered the gold standard of credit scoring,...
Read More

Perpetual Credit Lines: Why Is RBI Raising Concerns

India’s lending landscape has evolved rapidly in the last decade, driven by the onset of non-banking financial companies (NBFCs) and Fintech startups and the insurgence of advanced technologies in different areas of the lending cycle. Between 2005 and 2020, the...
Read More

RBI Eases Risk Weights on NBFC and Microfinance Lending: 4 Key Implications

By reducing risk weights on lending to microfinance institutions (MFIs) and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) has indicated a major policy shift. Intended to boost lending availability and, thus, economic growth, this step now modifies...
Read More

Best Practices for Lenders to Prevent Money Laundering

The Reserve Bank of India (RBI) has continually strengthened its laws against money laundering, levying significant fines on non-complaint banks and financial institutions. However, laundering continues to be a major challenge for India's financial system, with the nation reportedly losing...
Read More

Forensic Audits vs. Traditional Audits: Key Differences and When to Deploy Each

India suffered over ₹11,000 crore in losses to cybercrime in 2024. Stock trading frauds alone accounted for ₹4,636 crore. Tamil Nadu specifically reported losses over this period of ₹1,116 crore. For financial health, traditional audits have long been the norm,...
Read More

How to Identify and Report Suspicious Transactions: A Guide for Lenders

PwC India's analysis predicts a major increase in digital financial suspicious transactions, with volumes rising from 159 billion in FY 2023-24 to 481 billion in FY 2028-29. This sustained growth pattern indicates that the number of transactions in 2025 will...
Read More
1 2 3 36