Accelerating Financial Recovery: Leveraging ODR in the Banking Sector
By aligning Online Dispute Resolution processes with the principles outlined by the RBI, Banks and financial institutions can navigate disputes efficiently, reduce recovery time, and bolster customer trust.
De-Dollarisation and its Impact on Indian Economy
De-dollarization refers to the gradual shift away from the dominance of the U.S. dollar in international trade and finance. Many countries, including India, have been exploring ways to reduce their reliance on the dollar due to various economic and geopolitical reasons.
Crypto Revolution: Transforming India’s Financing Landscape for SMEs and Startups
Despite India ranking third globally in unicorn valuations, the startup ecosystem faces challenges in securing sufficient funding for growth. Traditional avenues often fall short, necessitating innovative solutions.
Crypto IndiaStack proposes legalising crypto crowdfunding and token sales, opening doors for Indian startups to global investors
Bankers, Startups and the problem with Profit
By definition startup is a disruptor. Unless the startup idea is demonstrated to be scalable, there is no fun and sustenance. So, while banks look for ‘profit’, there is a critical mass a startup needs to acquire, much before they think profit.. The banker’s paradigm needs a shift to look at startup finding
Banks & FinTechs: Switching the default experience
Moving from competition to collaboration; we are now living in a world, where the Banks-FinTech relationship is not only surviving, but also thriving
The Pandemic – Supply Chain disruptions and lessons for SCF practitioners
Pandemic has disrupted the Supply Chains. This brings both challenges and opportunities for industry as well as Supply Chain Finance practitioners including Fintechs. However, its the technology that will drive the future of SCF.
Banking on SPAM?
In a recent survey we found 86% of participants reported Banks and FIs to be the biggest spammers. Banks need to realise that every interaction with customers, existing or potential, is a moment of truth. Pestering only leads to increased trust deficit as the customer starts to see an ‘aggressive marketer’ and not a ‘trusted partner’
Why cross-selling Third Party Products can be costly for banks!
[dropcap]T[/dropcap]he rationale for cross sell focus in banks is not difficult to understand. It creates win-win for all stake holders- Banks get additional income, Employees get brownie points, better appraisals and Customers get access to a wider product suite at a convenient point of sale. The research around the world seems to support this. Cross-sell […]
How many Credit Covenants are necessary in a Sanction Letter?
While there are no set parameters on how many credit covenants should be there in a Sanction Letter, one has to keep in mind that ratios tend be inter-linked. One does not become a better banker by stipulating multiple covenants. Two covenants are sufficient to trigger any recourse against the borrower.
Loan Agreements: A contract between unequals!
Bank Loan agreement had been written ages ago. There are innumerable archaic clauses that may be unjustifiably invoked, without assigning any reasons under the guise of ‘early warning signals’. This creates a trust deficit. Sumit Kakkar recommends the need to relook at these.