User:Raj Malik DSA

Loan DSA (Direct Sales Associates)
In this 20th Era, Here are becoming the main source of banks is DSA. Banks are looks handicapped without Direct Sales Associates.

Many of them are in finance industry and many are in Insurance industry. We can also call them a Agent or a Broker, and these are mainly important for Economy cause they are working on Flexibility. Bank have many roles and responsibilities, thus bank always depends on generating business for them through Direct sales associates sourcing.

But the Crucial thing we face when these DSA's may working in an unfair ways like charged commissions, fake documentation, Bribing bankers and so on. It will direct affects the economy and make the industry is like a scam. Most of the bankers makes some policies against this unfair trade.

In India, Here we can find many institutions and individuals who work as a DSA and earning in a very good manner. But Here's also a major issue about DSA and Banks which is they are not look at the main value of economy which is unorganized sector of India. In this country, the unorganized sector has a 50% contribution in this economy and still there's no one look at their business needs. But NBFC is the main institutions who funding on-front and trying to this economy as better.

Now come on the minor point of NBFC which is Higher Rate of Interest, Low funding, Accessibility of ordinary peoples of data and high ratio of rejections. It may performs better like Incred finance is an NBFC and opened in 2016, and now the turnover of this company becomes so high cause of the higher charge of rate of interest and these type of companies confusing the mostly peoples of in India about Reducing Rates and Floating or Flat Rates on Loan. Many of these Incred Type of Companies doing Scams with lot of people and in some parts, they are helping many peoples. Its like about fifty fifty ratio and that's why it stills growing Continiously. But can we call it like a help, No we can't understand it like a help, cause if it may help then the customer of these NBFC becoming NPA's. If these NBFC helps to the Economy then the ratio of these NPA's may not Increased in last five years.