Case Number :NIBM-CDC-2023-05
Publication Date :July 25, 2023
Kudos Finance and Investments Private Ltd (Kudos), a Non-Banking Finance Company (NBFC) started in 2013 was providing loans to microenterprises. The company had three different loan products, namely, machinery loan, business loan and short-term loan, and it had made several arrangements for marketing the products. It had developed robust systems and processes for loan origination, recovery of loans and risk management, and it was negotiating with an IT firm to develop core banking solution (CBS) and credit management system...