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Explore Sustainable Finance with Bankkeeping at Automation Expo 2025

  Empowering Financial Sustainability in Industrial Automation Join BankKeeping at Automation Expo 2025 , Asia’s leading platform for industrial automation and sustainability, from August 11–14 at the Bombay Exhibition Centre, Mumbai. As a pioneering fintech solution provider for SMEs and industrial sectors, BankKeeping will demonstrate how smart finance tools are transforming sustainable automation ecosystems. With a sharp focus on energy-efficient automation, and cost optimization, BankKeeping empowers manufacturers, OEMs, and solution providers to make smarter banking decisions—turning financial data into actionable insights. Why Visit BankKeeping at Automation Expo 2025? Discover how to reduce borrowing costs, detect hidden charges, address Interest Rate Overcharge , and improve your capital efficiency. Experience live demos of our analytics-driven financial dashboards, tailored for different sectors, specially, automation-driven businesse...
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SME Loans in India: Is the Banking Sector Equipped to Support Their Growth?

  Small and Medium Enterprises (SMEs) form the backbone of India's economy. Contributing nearly 30% to the country’s GDP, they play a pivotal role in employment generation and rural development. Despite their immense potential, one of the most pressing issues plaguing SMEs is limited access to credit. This begs the question—is the Indian banking sector adequately equipped to support the growth of SMEs through tailored loan products? In this article, we explore the current lending landscape, government interventions, challenges faced by both banks and SMEs, and the way forward for strengthening access to SME loans in India . The Growing Demand for SME Loans in India SMEs in India span various sectors—from manufacturing and services to IT and agriculture-related enterprises. As these businesses scale up, their need for working capital, expansion funds, and equipment financing grows significantly. According to a report by the IFC (International Finance Corporation), the credit g...
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SME Loans in India: Is the Banking Sector Equipped to Support Growth?

  Introduction Small, Micro, and Medium Enterprises (SMEs) are the backbone of the Indian economy, employing millions and contributing significantly to GDP and exports. Yet their growth is often stunted by limited access to bank credit. As the Government targets 50% SME share in GDP and 75% in national exports, evaluating the banking sector’s readiness to support SME financing becomes critical.   Why SMEs Need Better Credit Access SME loans —whether secured or unsecured—are vital financial tools for businesses to fuel operations, invest in assets, and scale. But traditional banks often hesitate to lend due to factors such as: Limited credit history Higher perceived risk of failure Low capitalization Insufficient documentation Scarce collateral Lengthy application processes These challenges have historically pushed SMEs toward non-banking financial institutions (NBFCs), fintech lenders, or collateral‑free government loan s...
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Understanding Hard Inquiries and Their Impact on Credit Scores in India

  India’s financial ecosystem is rapidly changing, making it essential for individuals and businesses alike to stay informed about credit scores and their significance. A credit score serves as a key measure of creditworthiness, playing a crucial role whenever someone seeks a loan, credit card, or other financial assistance. Maintaining a healthy credit score can be especially vital during urgent situations like medical emergencies, home repairs, or business expansion. One lesser-known factor that influences credit scores is the hard inquiry—a common yet often misunderstood component of the credit assessment process.   What Are Hard Inquiries? A hard inquiry , sometimes referred to as a “hard pull,” happens when a financial institution or lender formally checks your credit report to assess risk before approving a credit product. This can include applications for: New credit cards Personal, business, auto, or education loans Mortgage loans Credit limit increas...
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Why Drawing Power (DP) Management is a Game-Changer for Indian Businesses

  Each month, countless businesses across India submit a critical financial document to their banks—the Drawing Power (DP) Statement. While it directly impacts working capital availability, interest costs, liquidity, and credit ratings, many businesses still treat it as a routine compliance task. At Bankkeeping, we believe DP management should be a strategic function, not just a monthly chore. In this article, we break down why accuracy in DP submission is essential and how our platform ensures it's done right—every single time. What is a Drawing Power (DP) Statement? A DP Statement is a monthly submission by businesses with working capital facilities like Cash Credit, Overdraft (OD), or WCDL. It includes updated data on: Stock (raw materials, WIP, finished goods) Book debts (receivables) Creditors and other current liabilities Prescribed margin requirements Based on this data, the bank calculates your eligible Drawing Power—i.e., how much y...
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Common Business Loan Challenges in India for SMEs and MSMEs and How to Overcome Them

  Securing a business loan in India is often a crucial step for MSMEs and SMEs looking to scale operations, purchase inventory, or manage working capital . However, the road to loan approval is not always easy. From tedious paperwork and compliance hurdles to inadequate cash flow or credit history, small businesses face several obstacles that can slow down or derail their financial plans. Whether you're a first-time entrepreneur or a seasoned business owner, understanding these challenges – and how to tackle them – can make the process much smoother and increase your approval chances. To know more read here . Key Challenges in Availing Business Loans in India 1. Low or Insufficient Credit Score Your business credit score plays a pivotal role in determining your eligibility for a loan. Financial institutions assess this score to evaluate your repayment capacity and creditworthiness. A weak credit score can label your business as high-risk, reducing your chances of loan app...
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Choosing the Right Working Capital Loan Across Different Industries: CC vs OD vs Dropline OD

  Running a business in any industry requires more than just efficient production—it demands smart financial planning, especially when it comes to working capital. Many business owners in this space turn to banks to meet short-term funding needs but often struggle to choose between different types of facilities. Should you go for a Cash Credit (CC), a Bank Overdraft (OD), or a Dropline Overdraft (DOD)? Each of these options has its own advantages and ideal use cases. In this article, we break down what each facility offers and help you decide which one best suit your business needs.   Understanding the Three Key Working Capital Options Let’s look at the various working capital loan options available to any industry business. 1. Cash Credit (CC) Cash Credit is one of the most commonly used working capital instruments in any business or industry. Under this facility, a bank sanctions a fixed credit limit that your business can use as needed. The interest is calculat...
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