From March 2021 to March 2022, the Indian lending market grew by 11.1 percent, to Rs 174.3 lakh crore.
Following COVID, 46% of borrowers borrowed for household needs, 27% to repay previous loans, and 17% after losing their jobs.
It is extremely encouraging to see credit resurgence as a sign of economic recovery.
From cutting down manual process and paperwork to enhancing the overall customer experience and everything in between, there are a variety of factors of how a #loanmanagementsystem can make a difference.
The following article caught my attention as I browsed through our blog posts. A good read.