The coronavirus pandemic clearly echoed the global need to adopt digitally inclined ways of working, with brick and mortar offices shutting down and a remote working model being the new norm. In line with this, digital banking is also set...

Lending is the core business of most banks and NBFCs. Several documents are collected during the loan origination cycle. Among them, the bank statement is an important financial document. It helps assess a loan applicant's creditworthiness, whether it is an...

The movement of money is required for a community’s economic health. Lending is one significant type of flow of funds that has the potential to increase economic growth by supporting business growth. However, the lender has to be cautious all...

Whenever there’s a discussion about personal loans or any other loans in general, the term ‘credit appraisal’ is commonly used. The credit appraisal process refers to evaluating a borrower’s loan application to determine the financial health and its ability to...

Bank statements are the most accurate record of the borrower’s income and expenses and give a fair view of their financial health. During lending, an in-depth analysis of the financial transactions of the borrower’s debits and credits over a particular...

Mortgage loans and home loans, people often confuse the two. So, before we dive into digital bank statement analysis for mortgage lending, let’s shed some light on what it actually is. A home loan is a loan you take to...

For banks and Non-Banking Financial Companies (NBFCs), lending is one of the key business areas. Lending is perhaps their primary source of revenue and also the most profitable. In recent years, the lending process has also become a lot easier,...

As per the Reserve Bank Of India's FSR report released in January 2021, the GNPAs (Gross Non-Performing Assets) of the Scheduled Commercial Banks may be at the level of 13.5 percent by September 2021 under the baseline scenario. This clearly...

Circular transactions are a type of fake transactions between companies that are part of a single group or under single ownership control. This practice has been proclaimed as a scam and a punishable crime by financial regulators in most countries,...

Cash credit and overdraft accounts are handy financial instruments that help businesses meet their working capital requirements. They serve as short-term loan facilities and are offered by several financial institutions after a few primary credit checks. However, there is a...