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FOIR remains one of the most crucial ratios for lenders in assessing borrower eligibility. By offering a clear view of how much of a borrower’s income is tied to existing debt, it helps lenders mitigate risks and ensure borrowers can handle their loan obligations
The Non-Banking Financial Company (NBFC) sector in India, a vital player in lending and financial services, is currently undergoing significant regulatory scrutiny and facing challenges that are reshaping its landscape. Here are some of the key updates:
The Unified Lending Interface (ULI) represents a significant advancement in the Indian lending landscape, with the potential to reshape how credit is accessed and disbursed.
According to a study by the Reserve Bank of India (RBI), the workforce distribution between officers and support staff has changed dramatically over the past decade. In FY11, the ratio of officers to support staff, including clerks, was 50:50. However, by FY23, this ratio had shifted to 74:26
The Reserve Bank of India (RBI) has introduced a new directive requiring all credit institutions to report credit information to Credit Information Companies (CICs) on a fortnightly basis, starting from January 1, 2025. This change from the previous monthly reporting requirement aims to enhance the accuracy and timeliness of Credit Information Reports (CIRs), which are crucial for lenders to make informed credit decisions.
The Reserve Bank of India (RBI) has recently announced plans to establish a public repository of digital lending apps (DLAs) as part of its efforts to regulate the rapidly growing digital lending sector. This initiative is intended to tackle the increasing issues posed by unauthorized and fraudulent lending platforms. The repository will serve as a […]
Lead scoring is a method used to rank prospects based on their potential value to a business. This process involves assigning scores to leads based on predefined criteria, such as demographics, behavior, and engagement.
Loan origination is a complex process that involves multiple stages, from application submission to approval and disbursement. With the advent of mobile technology, financial institutions have the opportunity to make this process more efficient and user-friendly. However, selecting an appropriate mobile solution requires careful consideration of various features that ensure compliance, security, and a seamless user experience.
The Reserve Bank of India (RBI) has recently issued a caution regarding the rapid growth of consumer credit offered by Non-Banking Financial Companies (NBFCs). The central bank’s latest Financial Stability Report highlights the necessity for closer monitoring of certain NBFCs, emphasizing the need for robust risk management practices as the industry faces evolving challenges.
The FLDG model involves a collaboration between fintech companies and NBFCs, where the fintech firm covers a certain percentage of the default risk associated with a loan. This arrangement allows NBFCs to expand their lending portfolios with reduced risk, while fintechs benefit from leveraging NBFCs’ reach and resources.