The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases. Though 60,000 new cases are reported […]
Advancing Lending Operations: Supply Chain Financing Strategies
Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […]
5 Tech Trends Revolutionising Lending Lifecycle Management
There is a stark contrast between India’s current financial landscape and its state in the 2000s primarily due to the influx of fintech companies. The confluence of technology and finance combined with the increasing demand for convenient and user-friendly financial services are shaping India’s economic ecosystem. While traditional banks and financial institutions have served the […]