The Economic Times reports that it could take upward of seven years to solve all the pending debt recovery cases in India. The report also states that more than 200,000 pending cases are waiting at the Debt Recovery Tribunals (DRTs)...

Financial statement analysis generally assesses a firm’s financial health and performance. The income statement, cash flows, balance sheet, etc., present historical data in a structured form, aiding in informed decision-making. Financial statements are useful in understanding what has happened but...

A borrower’s financial data provides significant insight into their financial status and creditworthiness. This data helps banks make lending decisions during the underwriting process. However, it is equally important for banks to observe non-financial indicators that help predict a borrower’s...

A thorough analysis of a borrower’s financial data is one of the most important aspects of the underwriting process. Inaccurate analysis can open up lenders to risks. These include delayed payment of EMIs (Equated Monthly Installments), and non-repayment of loans....

Proactive regulatory initiatives, evolving consumer behaviours, and the thriving funding environment have propelled the growth of the Indian fintech ecosystem. Digital lending is expected to account for around 5% of retail loans in India by the first half of 2028. ...

Access to timely credit is crucial for an individual's or a business's financial and social development. The Indian credit score companies offer services that help shape lending decisions, investment strategies, and overall economic stability. Self-monitoring of credit scores by Indians...

Financial statements offer insights into the health of an individual or a business. Lenders can extract valuable information from bank financial statement PDFs to aid them in their lending decisions. Automation has replaced manual analysis of financial statements for many...

Loan fraud is one of the top financial risks faced by lenders today. As of May 2024, it was revealed that the number of bank frauds has increased four times over the last five years. These cases predominantly comprise digital...

Lending businesses face multiple risks; one of them is interest rate risk, which is losses occurring due to adverse interest rate changes. The increased volatility amid unprecedented situations forces financial institutions to recognise the importance of liquidity management in controlling...

As of March 2024, the gross non-performing assets (GNPAs) ratio for scheduled commercial banks stands at 2.8%, a 12-year low, exhibiting an improvement in managing default risks. Despite this, lenders must be continually wary of the impact of risky loans,...