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...

A bank statement is the most basic and critical document that aids in assessing a loan applicant’s creditworthiness. Every SME or lending institution relies on bank statements to provide valuable insight into the borrower’s income and spending patterns. The Bank...

For banks, NBFCs, and other similar financial institutions, lending is one of the primary sources of revenue and also one of the most profitable ones. With a rise in financial literacy in India, the number of borrowers has increased and...