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Scope of Fintech Companies in India-(A)

India’s fintech sector may be young, but it is growing rapidly, driven by a large market base, an innovation-driven startup landscape, and support for government policies and regulations. Several new companies populate this emerging and dynamic sector as traditional banking institutions and non-bank financial companies (NBFCs) are catching up. NASSCOM predicts that the Indian fintech …

Significance of Artificial Intelligence in loan processing - (A)

AI as a blockchain is a revolution in technology. It makes the work of different industries easier and more efficient. The evolution of AI is leading to great revolutions in all industries, but the most useful thing about AI is loan and credit management. Automated systems cost banks 50-90% less than the labor of hired …

What are bad loans and types of bad loans - (A)

You may have heard of two types of debt: good debt and bad debt. “Good” debt is money owed for things that can help build wealth or increase income over time, such as B. Student loans, mortgages, or business loans. “Bad debt” refers to things like credit cards or other consumer debt that do little …

Recovery and Resolution of Bad Loans - (A)

The recovery mechanism is a process of implementing the recovery procedures and mechanisms necessary to restore financial assets in the event that the borrower does not repay them. An APN, as explained above, is an asset that no longer generates income and income which, if not handled properly and in a timely manner, can cause …

Why is financial wellness important- (A)

As the times changed, the mindset and expectations of the employees gradually began to change as well. Today, your employees are millennials and their expectations of the organization can be characterized as expectations “outside the box”. Gone are the days when your employees were satisfied with simple health insurance or retirement plans. Now you need …

Recent surge in Bitcoin Pricing 2

In the most recent iteration of a sustained rise in bitcoin prices, the cryptocurrency surged more than 300% over the past year. This is the third major round of Bitcoin price spikes since 2013 – the previous two “bubbles” ended with a sharp drop of over 80%. Unlike a stock or bond, it is difficult …

How to check CIBIL Score from PAN Card- (A)

To qualify for a loan from credit institutions such as banks or NBFC, you must meet certain eligibility criteria. One of them is good credit. A credit score provides information on financial health based on past financial history and transactions and indicates whether the borrower can repay the loan on time. Most banks verify CIBIL’s …

Important Aspects of Nominating for Life Insurance - (A)

Due to the focus on increasing FDI in the insurance sector, an important aspect of the Insurance Amendment Act of 2015 went unnoticed. This clause makes it easier for the relatives of the insured to claim the insurance product once the insured is discharged. This clause avoids the possibility of disagreement between family members on …

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