NBFCs Making MSME Lending Barrier a Thing of the Past
By Abhay Bhutada, Managing Director, Poonawalla Fincorp For years, commercial banks have dominated the lending space, including lending to Micro, Medium and Small Enterprises (MSMEs). But times have changed and so have the needs and demands of a modern-day MSME. These emerging businesses don’t fit into the moulds of traditional lending, they need quick loan […]
NBFCs Enhancing Digital Lending Landscape with Versatile Loan Offerings
By Abhay Bhutada, Managing Director, Poonawalla Fincorp It’s always a good idea to explore more options, especially when it comes to financing your expenses like education, car, home, business or even unexpected emergencies, like medical bills. While the world is becoming more complex, loans and lending are becoming more streamlined and user friendly. Non-Banking Financial […]
Digital Lending Reshaping NBFCs: A Glimpse into the Future
By Abhay Bhutada, Managing Director, Poonawalla Fincorp A large section of people in India that was once ignored by the traditional banking industry can now avail financial assistance anytime, anywhere- all thanks to NBFCs! Financial assistance of such magnitude on a national level was possible only with the backing of digital tools and technologies. Rising […]
Building New-Age Financial Products by Leveraging Technology
By Abhay Bhutada, Managing Director, Poonawalla Fincorp Until 10 years ago, taking a loan was a cumbersome process. Borrowers had no option but to approach banks for credit, getting caught up in the lengthy paperwork and trying to prove their creditworthiness. Credit underwriting, which mostly relied on human judgement, also took time and could take […]
Why are MSME loans emerging as a preferred choice for entrepreneurs?
By Abhay Bhutada, Managing Director, Poonawalla Fincorp Picture this: You have big dreams for your business—a vision of growth, expansion, and success. Imagine being able to purchase the latest cutting-edge equipment, replenish your inventory without breaking a sweat, or seize the opportunity to expand your operations when the timing is just right. But you need […]
Empowering MSMEs with better loan prospects
By Abhay Bhutada, Managing Director, Poonawalla Fincorp What makes the MSME sector so incredibly significant? It’s the driving force behind job creation, empowering individuals to become job providers themselves. It fuels local economies, injecting vitality into communities and fostering sustainable development. The sector’s dynamic nature encourages experimentation and disruption, leading to ground-breaking solutions that transform […]