The co-lending model, introduced by the Reserve Bank Of India (RBI) in 2018, is a mechanism where banks and non-banks join hands to provide credit to the priority sector. The co-lending arrangement allows NBFCs (Non-Bank Financial Companies) which operate in deeper geographies and lend to the MSME Sector (Micro, Small and Medium Enterprises), LIG (Low-Income […]
Digital Lending’s Future: Secrets, Obstacles, and Success
India’s digital lending market is expected to grow to $1.3 Trillion in 2030, says Inc42. Technological growth, higher internet penetration and the tiresome loan application process in traditional banking establishments have pushed many towards digital lending. Moreover, customers’ demand for a faster and simpler loan application process has propelled lenders to go online and adopt […]
How Can Banks Monetise Open Banking Platforms?
COVID-19 led to a disruption in different sectors, and banking is no exception. Nonetheless, with the application of Open Banking in the field, banks have found their way back to stability. The recent waves of digitisation have broadened the scope of significant technological changes in the banking sector. Be that as it may, well-established banks […]
RBI’s Surveillance of Digital Lending Apps: Productive or Obstructive?
The Indian digital lending sector, an industry virtually non-existent nearly a decade back, has grown by leaps and bounds in the last three to four years. The market valued at $14 billion in 2013, is expected to reach $350 billion by 2023 and $1.3 trillion by 2030. An enormous credit demand in the economy fuelled […]
Why Is Supply Chain Financing a Lifeline for SMEs in Difficult Times?
In recent decades, small and medium-sized (SME) enterprises have become more prevalent in global supply chains because of globalisation. However, the Covid-19 crisis has exposed them to the perils of transnational shocks and liquidity crisis. In the tumultuous post-Pandemic economic climate, Supply Chain Financing as a financing option for SMEs has witnessed tremendous growth. It […]
How Is Technology Vital for the Positive Growth of BNPL Providers
The Buy Now Pay Later (BNPL) option, also known as interest-free loans, became exceedingly popular during the Covid-19 pandemic. Reports suggest BNPL services are expected to cross USD 7000 million in 2022 in India; 22% of consumers bought goods using this option. BNPL services are popular among the young, tech-savvy population and also those who […]