A Brief on Core Banking Solutions

The Banking industry has been growing by leaps and bounds with each passing day. Over the past decade, it has transformed tremendously and the services offered cater to many demands over and above merely disbursing loans and collecting deposits. Today, the entire gamut of banking products and services are managed collectively through Core Banking. But,…

Need for Automation in Banks to Deal with NPAs

The banking sector in India is over-burdened with the broadening concerns around Non-performing assets (NPAs). As a result, these rising bad loans seem to be swallowing away huge profit margins of financial institutions. A major reason behind pushing borrowers in the NPA category could be identified as the stressed macroeconomic conditions. Considering this state, what…

3 Focus Areas for Banks to Maintain Asset Quality

While India keeps developing its financial systems with initiatives like Digital India and has remained stable financially, the concern of rising levels of non-performing assets (NPAs) still persists. RBI in a recent financial stability report (FSR) report highlighted that financial institutions struggle to maintain their asset quality. There has been a significant deterioration during Sep…