business loan Archives

Technology Revolutionizing Credit Risk Underwriting in the NBFC Sector

Bank, business loan, Finance, FinTech, Loan, UncategorizedMay 30, 2023142Views 0Likes 0Comments

The NBFC sector has undergone a significant transformation in the lending landscape with the advent of digitalization. Automation has revolutionized various aspects of NBFC operations, such as customer acquisition and verification. However, the credit risk underwriting process, which determines the borrower's creditworthiness, is still heavily reliant on manual assessment in many NBFCs. This manual approach…

Is maintaining your NBFC license costly? Why it is & Ways to Reduce it

business loan, Digital Banking, nbfcMarch 1, 2023228Views 0Likes 0Comments

Introduction A non-Banking Financial Company (NBFC) is an entity that is very similar to banks and offers bank-like services. It provides loans and advances, engages in the acquisition of shares/bonds/debentures/etc., and offers services like hire/purchase, leasing, and insurance, among others. According to RBI, an NBFC license is required to commence the aforesaid financial activities by…

5 Reasons Your NBFC Must Have Digital Lending Facility

business loan, Digital Banking, nbfcJanuary 5, 2023232Views 0Likes 0Comments

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 submit applications in…

RBI’s recent notifications: Impacts on NBFCs in 2023

Bank, business loan, Economy, RBI NotificationsDecember 31, 2022454Views 0Likes 0Comments

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 expected to maintain…

Major RBI Regulations Disrupting Fintech in 2022

business loan, Economy, FinTechDecember 21, 2022227Views 0Likes 0Comments

The Indian FinTech ecosystem demonstrates uniqueness. Its growth is propelled and determined by numerous factors and the involvement of a myriad of stakeholders, including founders, startups, a vast customer base, institutions, and government & regulatory bodies, to name a few. Fintech is flourishing like never before in India. That's attributable to an ultra-modern digital infrastructure,…

What are Non-banking Financial Institutions, and How do They Work?

Bank, business loan, nbfcDecember 16, 2022184Views 0Likes 0Comments

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 they work, this…

How are NBFCs Different from Banks?

Bank, business loan, nbfcDecember 13, 2022264Views 0Likes 0Comments

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 than a bank…

RBI’s Co-Lending Model Guidelines for Banks and NBFCs

business loan, Economy, nbfcDecember 5, 2022420Views 0Likes 0Comments

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). The Reserve Bank…

Recovery mechanism and tools in NBFCs India

business loan, Economy, nbfc, small businessNovember 9, 2022339Views 0Likes 0Comments

Introduction The Reserve Bank of India often issues master directions and notifications regarding the working of NBFCs. Hence, it helps NBFC adhere to the public interest and safeguards itself when borrowers fail to repay and restore their financial assets in the event of the same. Thus, it includes the recovery of NPAs, and the Ministry of Finance…

Know these 7 NBFC trends to keep pace with growth

business loan, Economy, FinTech, nbfc, StartupOctober 10, 2022386Views 0Likes 0Comments

Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth. According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021. Moreover, compared to Scheduled Commercial…

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How NBFCs help Small Businesses Scale their Operations

business loan, nbfc, small businessJune 10, 20221KViews 0Likes 0Comments

The small business units play a significant role in the country’s economy. It is evident that with the presence of these units, the economy expands, and there is an increase in employment. NBFCs have also played a crucial role in increasing the reach of these businesses and improving their performance.

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Technology Revolutionizing Credit Risk Underwriting in the NBFC Sector

Is maintaining your NBFC license costly? Why it is & Ways to Reduce it

5 Reasons Your NBFC Must Have Digital Lending Facility

RBI’s recent notifications: Impacts on NBFCs in 2023

Major RBI Regulations Disrupting Fintech in 2022

What are Non-banking Financial Institutions, and How do They Work?

How are NBFCs Different from Banks?

RBI’s Co-Lending Model Guidelines for Banks and NBFCs

Recovery mechanism and tools in NBFCs India

Know these 7 NBFC trends to keep pace with growth

How NBFCs help Small Businesses Scale their Operations

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