The year 2008 financial crisis was no less than a roller coaster ride for the banking industry. The non-performing assets in public and private sector banks soared and impacted directly on the banks’ portfolio. Banks and other financial institutions (FIs) soon realised that they need to be more alert and proactive in maintaining their asset…
We keep reading news and updates every few days highlighting how banking is transforming with the help of cutting-edge technology. Moreover, the new tools, software etc. utilising the large banking data can prove to be beneficial for financial institutions. How? Let us study further… Data can be used for better decision making and for preventing…
In an effort to fulfil their aspirations and desires, people tend to take loans to buy a house, car etc. But for some, repaying these loans often becomes an uphill task. Non-repayment of loans certainly results in consequences for borrowers, more so, it affects the banks’ profitability in an adverse way. While it becomes a…
It is no surprise that the economic crisis that hit the world in year 2008 was an outcome of poor Risk Management in the banking industry. The effect of this global crisis was seen in the form of downsizing in companies, increased unemployment and reduce in goods/services demands. The banks across the world were found…