Global education dreams often clash with financial realities. While over 1.3 million Indian students are studying abroad in 2024, many found their ambitions constrained by the staggering costs. A typical master’s program at a US university now demands an investment of ₹24 lakhs to ₹96 lakhs, placing international education beyond the reach of most middle-income […]
RBI Innovation Hub: Building a Unified Lending Interface with Aggregators
In recent years, India’s digital lending industry has significantly boomed. Statista reports that it’s one of the “fastest-growing FinTech segments.” For instance, it grew from USD 9 billion to USD 270 billion in the latest decade (2012-2022). According to many analysts, it’s all thanks to strategies offered by the RBI Innovation Hub (RBIH). Recently, they […]
Micro LAP: The Future of Small Ticket Lending for Lenders
In the small-ticket lending market, Micro Loan Against Property (Micro LAP) serves as foundational support for lenders and financial institutions. It allows them to cater to the underserved segments with a secure and flexible way to access funds. By using loan applicants’ residential or commercial property as collateral, Micro LAP provides instant credit access to […]
Understanding Collateral Valuation Strategies in Corporate Loan Underwriting
In corporate loan underwriting, collateral acts as a safety net for lenders, reducing the risk of loss, and making sure that the lender can recover their funds if a borrower defaults. Typically, the size of the loan a lender provides ranges from 70% to 90% of the collateral’s value. This significant margin shows the importance […]
Rate Cut Conundrum: Did RBI’s Move Benefit Banks?
The Monetary Policy Committee (MPC), the Reserve Bank of India’s (RBI) rate-setting panel, recently met to decide whether reducing the lending interest rate for banks was the right move to combat rising inflation and economic slowdown. The news that the current repo rate of 6.5% may be reduced raised widespread concern within the banking sector […]
How Does a Loan Origination System Integrate with Legacy Systems?
As banking and lending become more inclusive and personalised, financial institutions continuously seek innovative solutions to streamline operations. One solution that has gained significant popularity in helping lenders improve their operations is the loan origination system (LOS). As per an IBSi report, over 55% of banks say the limitations of their existing core solutions are […]