India’s digital lending market has grown from strength to strength. In the financial year 2023-24, the sector experienced a remarkable 49% increase in disbursements, totalling ₹1.46 trillion across over 10 crore loans issued. A significant growth in the number of...

Evaluating an applicant's creditworthiness is essential in the loan approval process. Analysing bank statements for loan approval offers lenders a comprehensive view of the applicant's credit health. Lenders have traditionally relied on paper statements for credit health assessment. However, as...

The demand for credit among diverse audiences in India continues to rise. This has created opportunities for lenders to scale quickly and deliver more value to their customers. For instance, a recent survey indicated that in the Financial Year 2024,...

Over the last five years, the fintech industry in India has grown by leaps and bounds. As of September 2024, the combined valuation of all Indian fintech startups was estimated to be $125 billion. However, despite their success story, startups...

India's digital transactions skyrocketed from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, with a stunning CAGR of 44%. While digitisation brings convenience, it also fuels sophisticated fraud threats. However, the solution may lie within the problem...

The rise of non-banking financial companies (NBFCs) in India can be attributed to their impressive credit appraisal systems and inefficient conventional banking sector. With an impressive CAGR of around 18.7% between 2005-2006 and 2019-2020, NBFCs are among the fastest-growing sub-sectors...

No͏n-͏Bank͏͏͏͏ing Fin͏͏a͏nc͏ial͏ Co͏m͏pa͏͏nie͏s͏ (NB͏F͏͏Cs) face a tough challenge in managing risk in a dynamic financial landscape. Efficient risk identification and mitigation are crucial, but how can this be achieved effectively? The ͏answ͏er l͏ies i͏n s͏͏elec͏t͏ing NBF͏͏͏C s͏͏oft͏wa͏r͏e ͏wit͏h͏ useful ͏fe͏͏͏a͏tures͏...

Credit score service companies are becoming a vital component of risk management as we see a decrease in the Gross Non-Performing Assets (GNPA) ratio for scheduled commercial banks to 2.8%, marking a 12-year low. Traditional methods often fail to assess borrowers accurately. These...

Traditional financial statement analysis methods are increasingly becoming obsolete. They primarily rely on basic tools such as the Profit and Loss Account and Balance Sheet, failing to deliver comprehensive insights into a company's financial health.  Furthermore, the heavy dependence on...

Indian banks have written off a whopping $9.9 trillion worth of loans in the last five years, out of which they could recover about $1.84 trillion. It is also worth noting that around 2,623 wilful defaulters owe around $1.96 trillion...