ICRA Scorecard
WHAT IS ICRA SCORECARD PORTAL?
We are excited to launch the ICRA Scorecard, a groundbreaking tool that redefines credit assessment,” said Mr. Sahil Bansal, CEO of ICRA Rating.
BENEFITS AND USAGES?
Comprehensive Risk Assessment
Provides a thorough evaluation of risk levels associated with individual retail customers and corporate clients, offering a holistic view of creditworthiness
Portfolio evaluation
Enables financial institutions to assess and categorize the risk profiles within their client portfolio, aiding in strategic alignment and risk management.
Objective decision making
Facilitates objective and consistent decision-making for financial institutions by relying on predefined formulas and weighting factors.
Efficient customer onboarding
Serves as an effective initial screening tool for new customers, streamlining the process of checking eligibility for availing lending and credit services.
Quick Credit Terms Determination
For businesses dealing with credit terms, the scorecard expedites the determination of credit conditions and limits based on the risk category of customers.
Proactive Risk Mitigation
Offers a proactive approach to risk mitigation for companies heavily dependent on credit sales, allowing them to make informed decisions and set appropriate credit limits.
Risk Scorecard
FOR RETAIL CUSTOMERS
The Risk Scorecard is designed to evaluate the risk level associated with individual customers based on various factors such as age, monthly income, salary, visa type, and other relevant
data points. The scorecard uses predefined formulas and weighing factors or calculate an individual’s risk score .
FOR CORPORATE CUSTOMERS
The Corporate Scorecard is designed to evaluate the risk level associated with SMEs and corporates based on various factors such as business profile, management quality, macro factors, and financial performance of the business . The scorecard calculates the SME’s risk score using predefined formulas and weighing factors
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