5 Reasons Your NBFC Must Have Digital Lending Facility
Inside This Article The contemporary lending environment is going through a paradigm shift. It is way better than the traditional lending process finance and loan companies used to follow. All thanks to rapid digitalization that has eliminated inconveniences that bothered both lenders and borrowers in equal measures. Conventional ways of lending required the borrowers to […]
Top 7 Microfinance Companies in India 2022-2023 and their Challenges
Inside This Article Micro-financing has played a key role in the rapid economic growth of India. Its contribution has been immense. Private finance companies have made financial assistance within reach of rural youth and women. Private lending has changed the economic ecosystem of the nation for the better. There are hundreds of NBFC establishments in […]
RBI’s recent notifications: Impacts on NBFCs in 2023
Inside This Article Introduction As we know, NBFCs are performing an imensive job by providing credit facilities to specific niche sectors, viz., infrastructure and unbanked sections of the economy — thus, driving financial inclusion in India. And the sector has reported a total annual growth of almost 18% over the previous few years and is […]
How will digital banking units (DBUs) transform banking in India?
Inside This Article Introduction The Demonization and rise in digital payments paved the way for digital banking units (DBUs) in India, and the RBI’s Digital Payments Index (DPI) has increased to 349.30 in March 2022 from 153.47 in March 2019. Many banks are now prioritizing incorporating DBUs in their overall banking system because it helps […]
Are Non-banking Financial Companies (NBFCs) the New Banks?
Inside This Article Introduction Why do we need NBFC when we have Banks? Let’s take a quick example – Why do we need Jio, Airtel, Idea, and others when we have BSNL? The same goes here. Every bank in India provides specific bundles of financial services, while their primary activity is lending. For example, an […]
7 Top most Advantages of Hiring a VCFO at your NBFC and Scaling it
Inside This Article Have you heard of this quote, “If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business”? A very famous one by Lee Kuan Yew, 1st Prime Minister of the global financial center, Singapore. In this digital era, when every other job has become virtual and […]
Major RBI Regulations Disrupting Fintech in 2022
Inside This Article The Indian FinTech ecosystem demonstrates uniqueness. Its growth depends on many things. Many people help it grow, like founders, startups, customers, companies, and the government. Each one plays a big part in helping it grow. Fintech is flourishing like never before in India. India is growing fast because of its strong digital […]
What are Non-banking Financial Institutions, and How do They Work?
Inside This Article The financial sector is quite difficult to get a grasp on. Owing to a myriad of sectors that have different norms, it becomes a bit cumbersome to make the right decisions. The laws for banks and NFBCs are quite different. If you have also wondered what non-banking financial institutions are and how […]
How are NBFCs Different from Banks?
Inside This Article Banks and non-banking financial institutions are the most vital financial institutions that not only fulfill the financial needs of individuals and businesses but also have a significant impact on the economy. If you have always wondered how non-banking financial companies differ from banks, know that you aren’t alone. NBFCs are way different […]
RBI’s Co-Lending Model Guidelines for Banks and NBFCs
Inside This Article Co-lending, also known as co-origination, is a system in which banks and non-banking financial companies collaborate to provide credit to the priority sector participants. Under this arrangement, banks and NBFCs share risk in an 80:20 ratio (80 % of the loan with the bank and a minimum of 20% with the non-banks). […]
