The Government has designed policies and taken steps to encourage financial institutions to provide adequate and timely credit to MSME finance to facilitate their development. Reports suggest 27.4 million MSME loans were sanctioned during the financial year 2024, amounting to Rs 54.2 trillion, a growth of 19.3 per cent in volume and 5.4 per cent […]
3 Ways Advanced Tech is Reshaping Personal Loan Underwriting
In 2024, personal loans grew by 14.4% in India, surpassing ₹55.3 lakh crore, indicating the rising demand for credit. However, Indian banks have highlighted a concerning trend wherein non-performing assets (NPAs) increased by a whopping 51% to ₹11,210 crore in June 24 against ₹7,422 in March 23. These figures indicate that despite a growing demand […]
AI-Powered Strategies to Scale MSME Loan Portfolios
The Micro, Small, and Medium Enterprise (MSME) sector continues to be a promising yet underserved segment in the credit market. By March 2024, for instance, the MSME loan segment witnessed a 17.8 % growth compared to the same period the previous year. The total valuation of the loan portfolio increased to INR 64.1 trillion. Therefore, […]
The Future of Credit: Anchor-Based Finance Explained for Modern Lenders
Traditional lending practices are rapidly becoming obsolete as financial institutions seek more innovative credit solutions. This transformation is critical, given the IFC’s finding that 40% of formal MSMEs in developing countries face an annual financing gap of $5.2 trillion. Accenture recently shed light on this transformation – their latest survey found 90% of businesses showing […]
Understanding the Growing Demand for Study Abroad Loans
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 […]