To jumpstart economic growth in the post-pandemic environment, simplifying access to business loans for SMEs is a critical first step. The truth is India still lags behind the global average when it comes to loan origination and disbursal. According to a report by TransUnion CIBIL and SIDBI, the average turnaround time for a business loan […]
Should India Consider Introducing Digital-Only Bank Licenses?
Today banking has become an integral part of everyone’s financial activity, and digital banks in India have advanced to a greater extent. Digital-only banks are transforming the way customers used to view banking operations. New digital-only banks, also known as the neobanks, are being launched worldwide, including the US, Canada, UK, Germany, Hong Kong, and […]