Scoreme

A  robust and well-structured credit mechanism is essential for ensuring a healthy and growing loan portfolio for   NBFCs and Banks . To provide effective risk management and a streamlined mechanism of operations with the highest level of efficiency — while maintaining system integrity -- comprehensive and   integrated analysis platform   is needed. Process digitalization and the deployment of an  integrated analysis solution  by banks and NBFCs via a comprehensive software are therefore crucial. Such software can provide a one-stop solution for the Lending Business of NBFCs and Banks duly supplemented by the active role of Fintechs. The software can take care of various aspects of the lending operations in an integrated manner while ensuring, efficacy, transparency and effective risk management. Integrated Lending Business Process and Analysis The entire process involves a series of steps that need to function in an integrated and seamless manner. The...

Non-banking financial companies   play a crucial role in the financial sector of the Indian economy. They have inherent advantages of a deeper outreach to the public, flexibility in operations, better domain knowledge and feel of the local area. They are better placed to serve the masses in the un-banked areas, particularly in the retail and MSME sector. The total credit of the NBFC sector has already crossed the threshold of Rs. 28 lac crores. The credit intensity of NBFCs, measured by NBFC credit as a ratio of GDP has been rising consistently and stood at 13.7 in 2021 as compared to 8.6 in 2013 -- retail lending forms around 30% of total lending, followed by the MSME sector. Considering the importance of NBFCs as a purveyor of credit, the Reserve Bank of India has strengthened the regulations over a period of time to ensure a robust credit mechanism for this sector. The  NBFC software for Lending Businesses,  therefore, assumes great i...