Ever-increasing competition in the lending market and high cost of borrowing involved highlighting a need for more business players to follow agile practices. A lending business that supports a customer-centric approach by including technological integrations and innovations enjoys an edge above the rest. Thus, NBFCs must embrace smart technology. Today’s borrowers are high maintenance and […]
What Makes Finezza the Ideal Corporate Lending Solution?
Weakening demand and a series of defaults have left NBFCs gasping for breath. Banks have been wary of providing them much needed cash due to spiralling NPA volumes. The overall business sentiment in the market has been affected. The lack of liquidity has hit the corporate loan segment hard. Case in point: The top 500 […]
How Can Indian Companies Register As NBFCs
Despite the liquidity crisis, the Indian NBFC sector grew at a respectable pace to INR 30.9 lakh crore in 2018-19 from INR 26.2 lakh crore in 2017-18. In order to stem asset-liability imbalance, the RBI has been strictly enforcing registration requirements for newly registered NBFCs. In an unprecedented crackdown, the RBI cancelled 1,701 NBFC licenses […]
The Future of Financing Trends with NBFCs
NBFCs are key players when it comes to the objective of financial inclusion that India aims to achieve. It caters to unbanked and underbanked sections of Indian society. Additionally, they provide the credit demand of MSMEs too. Through direct and indirect involvement, they transform sectors like transportation, employment generation, wealth creation, bank credit in rural […]
A Brief Trajectory of Fintech Revolution in India
Fintech is relatively a new term on the market. Gradually, it is shaping up into a massive industry that comprises both startups and prestigious financial institutions that strive to enhance the level of financial services. Credit cards were first launched in the 1950s, and it took ATMs a decade to change the way money was […]
How Should Banks Deal with Non Performing Assets (NPAs)?
Non-performing Assets (NPAs) are also known as defaults or bad loans. They result from lousy lending practices like lack of a thorough background check of borrowers for the repaying capacity, financial health, and intent to repay, etc. Sometimes, increased competition coerces banks to disburse unsecured loans. Apart from falling ROIs, NPAs can tarnish the reputation […]