Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
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 […]
Mortgage loans and home loans, people often confuse the two. So, before we dive into digital bank statement analysis for mortgage lending, let’s shed some light on what it actually is. A home loan is a loan you take to either purchase a property or to construct it. The property has to be residential. The […]
For banks and Non-Banking Financial Companies (NBFCs), lending is one of the key business areas. Lending is perhaps their primary source of revenue and also the most profitable. In recent years, the lending process has also become a lot easier, resulting in a surge in the number of borrowers from all sectors and divisions. With […]
As per the Reserve Bank Of India’s FSR report released in January 2021, the GNPAs (Gross Non-Performing Assets) of the Scheduled Commercial Banks may be at the level of 13.5 percent by September 2021 under the baseline scenario. This clearly rings an alarm for all the lending institutions to make wise credit decisions by properly […]
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, including India. Picture a scenario where Company A sells goods to Company B. Company B […]
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 popular misconception that both Cash Credit and Overdraft are the same, and people often use […]
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 Statement Analyser or BSA is an automated engine that examines bank statements by combining effective […]
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 consequently, so has the number of payment defaulters. This has forced lending institutions to deploy […]
