In FY2023-24, banks approved a record-high 944 corporate loans totalling INR 2,90,978 crore, marking a substantial increase from the 547 projects sanctioned in the preceding fiscal year. These numbers show a growing demand for credit as Indian businesses seek expansion opportunities. Securing a loan can be crucial for corporates, but it requires accurate documentation to […]
Earlier this year, the International Monetary Fund (IMF) projected India to become a five-trillion-dollar economy by 2026-2027. A key factor that will trigger such business growth is India’s accelerated adoption of digital across all sectors and functions – from agriculture and retail to edtech, logistics, and recruitment. Another sector that is undergoing massive digital transformation […]
What is a co-lending arrangement? A co-lending arrangement is when a bank and an NBFC jointly contribute loans to a facility, sharing the risks and rewards. Co-lending model (CLM) improves the flow of credit to underserved sectors and provides funds to beneficiaries at an affordable rate. This is made possible by combining the lower cost […]
India’s retail credit market has always represented a vastly underserved and exciting opportunity in financial services. Entrepreneurship, risk capital, and supportive infrastructure have contributed to the current uptick in innovation in this field. Technology has been instrumental in closing some credit gaps by reducing distribution costs, enhancing risk management, and enabling more customer-friendly products. However, […]
India’s credit gap widened in tandem with the economy’s unprecedented growth. In such a market condition, debt financing can be of some help, if not for the straining procedures, collateral demands, and heavy paperwork. As banks fell short of presenting a favourable image to businesses, NBFCs became the obvious choice for credits. In all this, […]
