Financial statements contain important data regarding a business’s performance. They are report cards of a firm’s financial health and blueprints for future operations. Financial statement analysis is a strong tool that helps the C-suite in strategic decision-making. It is an...

“Where there is a will, there is a way.” This is how the fintech sector navigated the rocky roads of rural India. From demonetisation,  India recognised the need to adopt new technology and embrace digital payments. Rural India lagged behind...

The banking industry is on the cusp of a significant change. Open banking, which refers to using Application Programming Interfaces (APIs) to allow third-party developers to access financial data, is set to transform banks’ operations. This new wave of open...

In 1994, when Microsoft founder Bill Gates said, “Banking is necessary, banks are not,” many could not comprehend his logic. However, going to a bank for banking transactions is unusual today. The financial services industry has undergone a paradigm shift...

Fintech innovations are making revolutionary strides in the banking sector. They are altering the nature of banker-customer relationships, especially in lending to Small and Medium Enterprises (SMEs). Digital lending shifted the credit delivery process from the conventional lender-led mechanism to...

Implementing Goods and Service Tax (GST) in 2017 was a significant step in India’s indirect tax reforms. The goal was to establish a unified taxation system across the nation. GST amalgamated many indirect taxes to avoid double taxation. The new...

In the financial year 2020-2021, the value of non-performing assets (NPAs) reported by public sector banks in India stood at INR 6 Trillion, while private sector banks reported NPAs to the tune of INR 2 Trillion. The growth of NPAs,...

The account aggregator framework allows financial institutions to share data. These institutions – banks, mutual fund companies, insurance companies, and pension funds – store customer financial data required by lenders, wealth managers, insurers, and personal finance managers. Using an account...

Technological advancements in banking and finance have transformed how we conduct our businesses. From core banking facilities and ATMs, fintech has made a progressive journey, producing innovations like net banking, credit cards, pre-paid instruments, mobile wallets, digital payment gateways, etc.,...

In India, the digital financing industry will be worth $1.3 trillion by 2030. According to a recent study, the size of the digital lending market is expected to increase from $270 Billion in 2022 at a compound annual growth rate...