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 […]
Neobanks: The Ideal Partner for Indian SMEs
India’s SME sector has the potential to drive innovation and job growth despite the challenges faced by the economy. However, it is hamstrung by a lack of credit as small business owners do not maintain proper books of accounts and in some cases, do not have enough business experience either. The lending risk is difficult […]
Here’s What 2020 Has in Store for NBFCs
NBFCs have become an integral part of the Indian lending landscape over the years. Since their inception in the 1960s, they have helped to provide a range of financial services to consumers and businesses across the country. As of March 2019, the total number of registered NBFCs in the country stood at 9,659. Despite the […]
Neobanks: Pocket Friendly, Digital Only Banking
Neobanking is the next generation of banking that promises to alter how the world uses money. In a short span of time, neo bank startups have disrupted a lending market that had long been dominated by large public and private sector banks with extensive networks of branches and millions of customers. Neobanks are truly digital […]
Why Neo-Banks are Better than Traditional Banks?
The digital age has caught up with Indian banks at last. If the rise in digital payment volumes is any indication, consumers seem to have developed a preference for app-based banking which gives them greater control over how they manage their money, without restrictions. Customer expectations regarding financial services are changing rapidly. For example, penalties […]