According to data analytics company Experian, despite the growing risk of fraud, 40 per cent of Indian businesses indicate that they are placing more emphasis on revenue generation rather than fraud detection, which can lead to an increase in losses and a decline in customer confidence.
Experian India, world’s leading global information services company specialising in decisioning, data analytics, and the first credit bureau to be licensed in India has appointed Neeraj Dhawan as its new Managing Director.
The second wave of Experian's Global Insights Report highlights that 99 per cent of Indian businesses have implemented strategies related to recognising their customers across various platforms. Experian- a leading global information services company - surveyed 3,000 consumers and 900 executives working in consumer technology, retail banks, E-commerce, and telecommunications.
The second wave of Experian's Global Insights Report highlights that 99 per cent of Indian businesses have implemented strategies related to recognising their customers across various platforms. Experian- a leading global information services company - surveyed 3,000 consumers and 900 executives working in consumer technology, retail banks, E-commerce, and telecommunications.
The growing reluctance of banks to shell out big-ticket corporate loans is tilting the scale in favour of retail Borrowers. According to Akash Lal, senior partner, McKinsey, with these retail loans having accounted for almost 100 per cent of risk adjusted revenue in FY20 despite them constituting only 48 per cent of the banking system’s total revenues, the overall share of retail loans of banks is only set to go up.
When Canara Bank announced its qualified institutional placement (QIP) at Rs 103.5 apiece last week, critics questioned if a public sector bank (PSB) can go to the market by itself. After all, direct market equity sourcing has just been aspirational for a long time and turning to the government for recapitalisation is an easier option for PSBs.
You must ensure that you make loan repayments regularly, as the moratorium period has ended. With the uncertainty the pandemic has brought in our lives, people have become conscious and concerned about their financial well-being. In most cases, the immediate consequence of any stress in the economy is a rise in the cost of living, as expenses spike.
The Confederation of Indian Industries (CII) released a compendium on occasion of the 11th Financial Markets Summit 2020 around the theme ‘Rebooting the Economy through Financial Market Reforms’.
Global IT service company Experian and international banking group Standard Chartered announce partnership to foster innovation in technology to provide access to credit during uncertain times to populations underserved by formal financial services.
