The increasing number of Non-Performing Assets (NPAs) and fraudulent activities in banks and NBFCs today call for severe scrutiny of credit sanctions. This requires a strict evaluation of the applicant’s financial health to understand their position to service the debt. It involves assessing the loan applicant’s creditworthiness based on specific norms, standard procedures, and various […]
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, the Indian credit card industry is expected to grow at a CAGR of more than […]
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 […]
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 […]
