Although India's credit card market remains underpenetrated compared to some developed economies such as the US and China or developing economies such as Brazil, there is a higher penetration opportunity in India. According to a 2020 report published on ResearchAndMarkets,...

In the previous decade, India's economy has seen a significant transition. Fintech, or the convergence of technology and finance, has always been at the heart of that transformation. As new-age entrepreneurs embraced technology to empower individuals and businesses to access...

The throbbing heart of banks and NBFCs is the process of lending money. It drives their revenues and keeps the ship sailing. The value of loans in India increased 5.70 per cent on a year to year basis by June...

The financial services sector has witnessed a steep rise in digitisation with a lot of fintech companies paving the way forward. People today prefer going online for availing all the banking services, right from opening a new bank account to...

There may be several instances when a business owner is on the lookout for funds for their enterprise. Maybe they want to scale the business or fund an expensive machinery purchase or take their products into a newer market. Whatever...

Finance plays a pivotal role in helping individuals and businesses survive in the competitive world. Hence, for the growth and development of all, access to a formal credit system is vital. The formal credit market consists of commercial banks, cooperative...

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...