Banks | Page 2

Monitoring the actual cash flow of the business through prudent practices is the key to move to cash flow-based lending

To a large extent, neo-banks are technology platforms that integrate with traditional banks through open APIs. This makes them inherently scalable, nimble, and flexible, with the ability to innovate on product propositions and business models.

The biggest collaboration boosting the growth of different businesses in India is the partnership between banks and fintech companies.

More important than opting for a housing loan is managing the equated monthly installment and repay on time

Communications minister Ravi Shankar Prasad asked the differentiated bank to increase its bank accounts count to 5 crore by 2020 from 1 crore at present

Bank of India and State Bank of India are among the others which have offered concessional interest rate on home loans and waived processing charges

Finance Minister Nirmala Sitharaman on Friday announced a mega consolidation plan for public sector banks, including Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity

Here are the sectors which would be prioritized for the RBI surplus deployment so as to give a boost to the low economy.

If FinTech companies continue making focused efforts towards building new solutions and broadening the horizon of use to a diverse segment, a complete financial inclusion is not a far dream to wake up to

Financial institutions are helping MSMEs in building sustainable businesses

State Bank of India, the largest lender in the Indian business ecosystem, is a game changer in the MSME segment. SBI's Chief General Manager of SME Department, Sadanandan Narayanan, explains why collaboration with fintech companies is crucial for the banking industry to achieve a healthy growth trajectory

There are names who are shinning in the fintech space in India and abroad for, literally, dwindling fintech structures around the world, Rishi Khosla is one of them

Technology will soon make traditional banking system redundant but is India ready for it?

Traditional lenders like Banks and fintech firms get better at working together, this is essential to reap the full benefits of innovation

There is a perception in the market that SMEs are equal to NPAs but the case is otherwise

Urban banks in India generally cater to the middle income and above category, whereas very few banks are focusing on rural India and lower middle class

Banks remain cautious lenders to MSMEs and remain focused on the retail segment, the reason is obvious

MSME credit gap in the country is estimated to be around USD 60b and banks cannot afford to ignore it

Smart UIs would become a must-have feature than a nice to have feature because in a world where the lives of people are played out through the screen of a mobile device

As of January 2019, RBI has permitted a one-time restructuring of existing loans to MSMEs

Banks will always remain crucial to the growth and advancement, plus their operations offer a rock-hard backing which is capable of entrepreneurs in profitable and viable ventures