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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 financial and banking services, India emerged as one of the world’s largest fintech centres. According […]
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 4th 2021 (source: Reserve Bank of India). But the alarming rates of bad loans and […]
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 checking their transactions, from depositing money to opting for a Fixed Deposit (FD) or even […]
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 be the reason, the entrepreneur will need a loan to take the business to a […]
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 banks, foreign banks and non-banking financial institutions, which act as the main credit suppliers to […]
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 to experience a steep rise with approximately 397 million Indian adults completely depending on ‘online-only’ […]
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 individual or an enterprise. But what is the most efficient and cost-effective way of analysing […]
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 along as making the wrong lending decisions can be disastrous. The ongoing pandemic continues to […]
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 generate sufficient cash flows to service the debt. In other words, a lender conducts a […]
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 period, based on their bank statements, is conducted by the lender. The analysis provides valuable […]
