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 […]
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 […]
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 […]
