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Benefits to a bank
- A. Easy access to an applicant’s
credit history with other Institutions.
- B. Details of Transactions with
other Institutions
- C. Reference to wide and varied
Data sources, otherwise not accessible to your institution.
- D. Informed Credit Decisions
- E. Resulting in:
- Drastic reduction in NPA (upto 50%)
- Reduced cost of lending Reduced loan
processing time
- Ability to design customer specific
products
- Increase in overall efficiency and
profitability
- Reduction of Delinquency
- Provision of a Credit risk score.
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