TRUSTworthiness is the need of the hour!

It’s evident that critical challenges like #EconomicVulnerability and Higher Risk Concentration caused increased Default Rates so much that almost all Major lenders in India have highlighted stress from the unsecured lending book recently.

According to experts, immediate remedy is #PortfolioDiversification i.e. Reducing dependency on unsecured loans by increasing secured lending options can help balance risk exposure.?

However, #EnhancedCreditAssessment can be a game changer where Banks can refine credit models, incorporating ALTERNATAE DATA to gauge borrower TRUSTworthiness more effectively. Using AI and digital platforms for early risk detection (EWS), non-starters detection along with improved recovery strategies can help mitigate losses and reduce non-performing assets (NPAs)

#UnsecuredLoans

#BankingChallenges

#CreditRisk

#NPAManagement

#AIInBanking

#RiskMitigation

#DigitalBanking

#TRUSTworthiness

#Data Sutram