Introducing GIX Verify: one standard for every loan file
Automated screening, sampling and CMA for banks, NBFCs and co-operative lenders, organised by loan product.
Read · 3 minThe bank statement is the most edited document in Indian loan files. It is also one of the most revealing, if you know where to look.
- Balances that do not add up: one edited figure breaks the running balance on every line after it.
- Font or spacing changes on some lines, a common sign of editing.
- Salary credits whose narration does not match the employer named in the application.
- Large cash deposits shortly before the application, inflating the average balance.
- Round-figure transfers in and out with the same person, which can be circular funding.
- EMIs or loan debits to lenders not shown in the credit bureau report.
- Cheque returns and penal charges hidden in a long statement.
- A statement period that stops just before a bad month.
How to check more reliably
Where the applicant consents, fetching the statement directly from the bank through the Account Aggregator framework removes the editing risk altogether. Where only a PDF is available, automated arithmetic and metadata checks catch most edits in seconds.