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. […]
The Future of Financing Trends with NBFCs
NBFCs are key players when it comes to the objective of financial inclusion that India aims to achieve. It caters to unbanked and underbanked sections of Indian society. Additionally, they provide the credit demand of MSMEs too. Through direct and indirect involvement, they transform sectors like transportation, employment generation, wealth creation, bank credit in rural […]
A Brief Trajectory of Fintech Revolution in India
Fintech is relatively a new term on the market. Gradually, it is shaping up into a massive industry that comprises both startups and prestigious financial institutions that strive to enhance the level of financial services. Credit cards were first launched in the 1950s, and it took ATMs a decade to change the way money was […]
How Should Banks Deal with Non Performing Assets (NPAs)?
Non-performing Assets (NPAs) are also known as defaults or bad loans. They result from lousy lending practices like lack of a thorough background check of borrowers for the repaying capacity, financial health, and intent to repay, etc. Sometimes, increased competition coerces banks to disburse unsecured loans. Apart from falling ROIs, NPAs can tarnish the reputation […]
Neobanks: The Ideal Partner for Indian SMEs
India’s SME sector has the potential to drive innovation and job growth despite the challenges faced by the economy. However, it is hamstrung by a lack of credit as small business owners do not maintain proper books of accounts and in some cases, do not have enough business experience either. The lending risk is difficult […]
Here’s What 2020 Has in Store for NBFCs
NBFCs have become an integral part of the Indian lending landscape over the years. Since their inception in the 1960s, they have helped to provide a range of financial services to consumers and businesses across the country. As of March 2019, the total number of registered NBFCs in the country stood at 9,659. Despite the […]