The financial stability of a country depends on the banking system. However, Indian Banks have a really bad reputation due to bad debts as well as soring high NPA rates. For a financially stable country, the NPA rate should remain below 3%. However, when it comes to India, the NPA rate has been 8-10% stalling the overall financial growth of the country. There are multiple reasons behind the soring NPA rates with one of the major reasons being the relaxed lending norms by the banks for the corporate houses without proper analysis of their financial status and credit rating. Another reason is the dependencies on outdated software as well as manual work execution. After experiencing the way lenders used technology to streamline collections in the developed nations, Vikash Kumar founded...
Emmanuel Christi Das, Editor
Indraneel Ganguli, Senior VP - Marketing, Tech Mahindra
Mandar Mungee, CEO -Telecom, Grene Robotics
Deepak Jha, GM & Head - Artificial Intelligence Platform, NEC Corporation India
Himanshu Arya, Founder & CEO, Grapes Digital
Anubhav Bajpai, Founder & CEO, Vouchpro