The Indian Fintech market is currently the world’s third-largest Fintech ecosystem, behind only the United States and China. India has 6,636 Fintech startups, making it one of the fastest-growing Fintech markets. The Indian Fintech business was worth $31 billion (INR 3100 crore) in 2021 and is expected to be $150 billion (INR 15000 crore) by […]
Security-Based Lending: Cash Flow Management 101
Securities-based lending is a strategic approach to availing cash flow at slashed costs. The ultimate catch to this approach is that you remain invested with your securities, retaining the ownership right and yet leverage it to fulfil your cash flow needs. Among surmounting benefits that securities-based lending offers, instant access to capital, cut-off interest rates, […]
Lender’s Guide to FAQs About Fake Documents & Answers
Lenders often seek bank statements to verify prospective customers’ income, cash flow, or assets for loan disbursement. Unfortunately, PDF versions of bank statements can be tampered with or even entirely fabricated. For instance, a Google search on ‘make a fake statement’ will open up dozens of websites that create a wholly fabricated bank statement with […]
5 Tried and Tested Loan Recovery Techniques
One of the most challenging parts of the lending business is loan recovery techniques. Even though international norms have been put in place to help lending institutions recover their money, these techniques essentially do not work or take a painfully long time in practice. There is an existing culture of non-repayment, which results in liquidity […]
Bad Debt Recovery Strategies: Reduce Risks and Improve Collections
Vijay Mallya, Anil Ambani, Pramod Mittal, Nirav Modi—something strikes, doesn’t it? Whilst most of you are familiar with these names, some of you might also be aware of their not-so-happily-ever-after entrepreneurial journey; who were once “Business Tycoons” are now on the list of notorious bankrupts. As much as their lavish lifestyle sparked our interest, when […]
Your Guide to OCEN and How It Is Disrupting India’s Lending Industry
OCEN, or Open Credit Enablement Network, is a framework and protocol introduced by Nandan Nilekani in July 2020 as part of IndiaStack. India’s lending industry can still be considered in its nascent stage. Banks and NBFCs essentially only lend to the organised sector and large corporations. This has caused a large swath of India’s small […]