Weakening demand and a series of defaults have left NBFCs gasping for breath. Banks have been wary of providing them much needed cash due to spiralling NPA volumes. The overall business sentiment in the market has been affected. The lack of liquidity has hit the corporate loan segment hard. Case in point: The top 500 […]
How Can Indian Companies Register As NBFCs
Despite the liquidity crisis, the Indian NBFC sector grew at a respectable pace to INR 30.9 lakh crore in 2018-19 from INR 26.2 lakh crore in 2017-18. In order to stem asset-liability imbalance, the RBI has been strictly enforcing registration requirements for newly registered NBFCs. In an unprecedented crackdown, the RBI cancelled 1,701 NBFC licenses […]
How Credit Bureau Data can Help Lenders Predict Defaults and Save Money
Retail loans – the only remaining bright spot on the books of Indian lenders so far – have begun their downward slide. Experts say that it was only a matter of time before the developments on the unemployment front and successive collapse of large banks took its toll on the consumer loan segment. A liquidity […]
Drive Upsell Opportunities by Leveraging Credit Bureau Data
Upselling to the existing customer base is a key pillar of the overall marketing strategy followed by lenders to increase Customer Lifetime Value and keep customer acquisition costs down. The spin-off effect on retention is an added benefit. However, traditional segmentation techniques based on demographics like income and location are barely sufficient to identify the […]
Step Up and Be Counted in the Fight against CoronaVirus: Simple Ways to Stay Safe and Keep Others Safe from COVID-19
As of writing this piece, there have been 75[1] cases of COVID-19 reported in India. The public health machinery has swung into action. While prevention is definitely better than cure, it is equally important not to fall prey to rumours and misinformation. This can often be more dangerous than the pandemic itself. As The Zucker […]
API Banking: What it is? How it works?
The customer’s experience is truly imperative to the success of all banking institutions. The banking customers want an easy-to-use experience that offers the latest digital services. Given the intense competition in the financial markets and the changing needs of the consumers, banks all over the world, make it a point to leverage the latest technologies. […]