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Videos
IMPOSSIBLE TO BUILD PROFITABLE BUSINESS VIA GOOGLE, FACEBOOK ADS: POLICYBAZAAR
CEO
Sarbvir Singh, chief executive officer of PolicyBazaar, in this week's FinTech
Diary, said that it is impossible for companies to build a profitable business
by acquiring customers through Google and Facebook or digital marketing, and it
"can only be a topping on top of your main business," he said. Singh reasoned
that his company's model is able to manage its customer acquisition cost is
because 80% of their transaction cost happens through people who come directly
to the website to buy the product. This, Singh said, is because the company put
out many advertisements on television done over the last 10-12 years. In FY21,
the annual number of visits on PolicyBazaar website was 126.5 million, Singh
said, adding that the company's health and motor insurance products are helping
it build a large renewal book. PB Fintech, the parent company of PolicyBazaar,
is the first InsurTech to be listed recently. Tune in for the full interview..
LATEST NEWS
* 3h hrs ago BNPL to contribute 14% of e-commerce transaction value by 2026:
Benori Knowledge
* 3h hrs ago Oil price rise, Fed rate hike fears drive Sensex, Nifty lower
* 3h hrs ago Industry bodies make representation to Sebi; plea to review
related party norms
* 3h hrs ago At $14.5 billion, India sees largest outflows in 2022 till date:
What this means for the rupee
* 3h hrs ago Payments received in cryptocurrencies set to face GST
complications
* 3h hrs ago Wilful default cases down by over 50% in last eight years: Govt
data
* 43m mins ago Govt has issued 586 notices involving undisclosed foreign assets
and income of over Rs 39,620 cr
* 42m mins ago Future's offshore bondholders get recovery assurance
View More
Industry
WHY NPS IS BETTER THAN PAYG SCHEME FOR INDIA'S ECONOMY
India had a PAYG (Pay-As-You-Go) scheme prior to 2004, and under this,
contributions of the current generation of workers was used to pay the pensions
of current pensioners. Though the scheme is always used by political parties as
an attractive dispensation, it has always been a fiscal burden, according to an
SBI Ecowrap report.
Industry
UPI MOST PREFERRED PAYMENT MODE IN 2021, CARD CIRCULATION CROSSES 1 BILLION:
REPORT
A total of 75 banks joined UPI ecosystem in 2021 bringing the total number of
banks providing UPI services to 282, the report said, adding that UPI
Peer-to-Merchant (P2M) transactions have significantly eaten into the share of
card and other payment modes. Here are the highlights.
Insurance
TAXING 18% GST ON INSURANCE PREMIUMS NOT BEST WAY FORWARD: SBI RESEARCH
According to the data collated by SBI, the overall insurance penetration has not
even increased 2% in the last 10 years, going from 2.71% in 2001-02 to just
4.20% as of 2020-21. Taxing insurance premiums at 18% is, perhaps, not the best
way forward, the report said.
Banking
RBI STRESSES ON CAPITAL BUFFERS INSTEAD OF RECAPITALISATION
Policies such as further improvements in the banks’ governance and adequate
capital buffers may be actively pursued to provide a cushion against black swan
shocks and for bringing down the need for future bank recapitalisation, says RBI
paper.
Financial Services
GREEN FUNDRAISE BY INDIAN FIRMS MAY RISE 50% TO $15 BILLION THIS YEAR
Around $15 trillion has been focused in the ESG space, and more investment
opportunities will be pursued in the next two years. This opens an opportunity
for not just companies in the green businesses but also traditional industries
like cement and steel that commit to reducing the environmental impact of their
businesses. Globally, large ESG funds had assets of $35 trillion in 2021.
Banking
BANK HOLIDAYS IN APRIL 2022 : HERE'S THE FULL LIST
Banks across India will remain closed for 10 days in April, while Hyderabad will
have 11 holidays. There will be two long weekends during the month. Here's the
full list of holidays, according to the Reserve Bank of India.
View More
TOP FEATURED STORIES
Fintech / 7 days ago
BANK-FINTECH PARTNERSHIPS “NEED OF THE HOUR”, SAY LEADERS
Digital services including Fintech companies have allowed for a profitable
business for banks while also reaching out to the masses in the remote parts of
the country, say Soma Sankar Prasad and Dr. Dinesh Kumar Tyagi in a panel
discussion organized by ET Government.
* Banking
UKRAINE-RETURNED STUDENTS HAVE SOMETHING BAD WAITING AT HOME - LOANS
* Insurance
SHOULD YOU INVEST IN LIC'S IPO? KNOW THE RISKS
* Industry
HOW WILL RUSSIA-UKRAINE CRISIS IMPACT INDIA'S ECONOMY AND STOCK MARKET?
* Industry
ABG SHIPYARD: HOW A SHIPYARD FLOATED THE BIGGEST LOAN SCAM IN INDIA
View More
BLOG
* Umesh Revankar - VC & MD, Shriram Transport Finance
OPTIMISTIC ON CV SECTOR OUTLOOK, EXPECT DOUBLE DIGIT GROWTH IN FY23
* Ravish Naresh - CEO and Co-Founder, Khatabook
DIGITAL LENDING IN INDIA: WHAT’S NEEDED TO SOLVE FOR UNMET FINANCIAL NEEDS
* Akash Sinha - CEO and Co-Founder, Cashfree Payments
FINTECH IN 2022: HOW FAR IT HAS COME AND WHAT THE FUTURE BEHOLDS
* Krishnan Sitaraman - Senior Director, CRISIL Ratings
DECONSTRUCTING THE REGULATORY BREATHER FOR NON-BANKS ON NPA RECOGNITION
* Rajsri Rengan - Head of Development - Banking & Payments, India &
Philippines, FIS
SHE, THE FUTURE OF FINTECH: HOW AND WHY?
* Beni Chugh - Research Manager - Future of Finance Initiative, Dvara Research
MAKING DIGITAL FINANCE WORK FOR WOMEN
View More
FINTECH
Fintech / 2 hrs ago
BNPL TO CONTRIBUTE 14% OF E-COMMERCE TRANSACTION VALUE BY 2026: BENORI KNOWLEDGE
Buy Now, Pay Later or BNPL will comprise 14% of the transaction value for
e-commerce companies by 2026, growing nearly 5x from 3% of such transactions in
2021, points out market research by Benori Knowledge. BNPL payment option is one
of the most interesting trends to play out against the backdrop of the
accelerated adoption of e-commerce platforms in India.
* Fintech / 2 hrs ago
PAYMENTS RECEIVED IN CRYPTOCURRENCIES SET TO FACE GST COMPLICATIONS
* Fintech / 4 hrs ago
UAE’S CYPHER CAPITAL TO INVEST 40% OF NEW $100-MILLION CRYPTO FUND IN INDIA
* Fintech / 4 hrs ago
CRYPTO INDUSTRY IN WAIT AND WATCH MODE AFTER CLARIFICATION FROM GOVT
* Fintech / 5 hrs ago
DIGITAL TRANSACTIONS UP 33% TO RS 7,422 CRORE IN FISCAL 2022, SAYS MEITY
View More
POLICY
Policy / 2 hrs ago
INDUSTRY BODIES MAKE REPRESENTATION TO SEBI; PLEA TO REVIEW RELATED PARTY NORMS
Industry bodies have made a representation to Sebi seeking changes in the new
norms on related party transactions that will come into effect from April 1.
* Policy / 5 hrs ago
RBI'S 'OPEN MOUTH OPERATION' KEEP YIELDS ON LEASH
* Policy / 19 hrs ago
CBIC ISSUES SCRUTINY NORMS RELATED TO GST
* Policy / 1 day ago
FED POLICYMAKERS LEAN INTO BIGGER RATE HIKES TO FIGHT INFLATION
* Policy / 1 day ago
PARLIAMENTARY PANEL CAUTIONS GOVT AGAINST EARLY EUPHORIA OVER NPA REDUCTION
View More
NBFC
* FUTURE'S OFFSHORE BONDHOLDERS GET RECOVERY ASSURANCE
* RELIGARE FINVEST TO DEFAULT ON SUBORDINATED DEBT
* PE BIGGIES, KOTAK BANK SOUNDED OUT FOR IIFL WEALTH STAKE SALE
* WE HAVE TOO FEW BANKS, NEED MORE ACCESS TO COMMON MAN: SANJIV BAJAJ
* SREI NBFC DUO GETS 14 ELIGIBLE EOIS
* HDFC LTD APPROVES HIGHEST EVER RS 2 LAKH CRORE HOME LOANS IN FY22
* HOUSING LOAN DISBURSALS UP BY 65% IN GUJARAT IN A YEAR: SLBC
* NBFCS SEEK EXTENSION OF SUBSIDY UNDER PM HOUSING FOR TWO YEARS
* INDIABULLS HOUSING FINANCE GETS COMMITTEE NOD TO RAISE UP TO RS 50,000 CR VIA
BONDS
* SPANDANA SPHOORTY'S FOUNDER AND FORMER MD PADMAJA REDDY MOVES COURT
* CASHPOR AND SANGHAMITHRA TO GET NBFC-MFI LICENSE FOLLOWING RBI'S NEW
MICROFINANCE RULES
* PIRAMAL CAPITAL FILES BANKRUPTCY PROCEEDINGS AGAINST RELIANCE POWER
* THE NEW SHYLOCK: HOW LENDING APPS ARE DRIVING BORROWERS TO THE BRINK
* LENDERS PLAN TO TAKE FUTURE RETAIL TO DEBT RECOVERY TRIBUNAL
* MICROFINANCE FIRM'S MD HELD FOR RS 109-CRORE FRAUD
* SPANDANA SHAREHOLDERS OKAY RS 300 CRORE FUNDRAISING
* BAJAJ HOUSING FINANCE REACHES A NEW MILESTONE - CROSSES RS. 50,000 CR. OF
ASSETS UNDER MANAGEMENT (AUM)
* HINDUJA LEYLAND FINANCE TO MERGE INTO NXTDIGITAL
* FUTURE RETAIL LENDERS EXPLORE DRT ROUTE RATHER THAN IBC TO RECOVER DUES
* NOT SAMEER GEHLAUT, LIC IS LARGEST SHAREHOLDER IN INDIABULLS HOUSING: CEO
View More
MORE FROM ETBFSI
* Fintech / 3h hrs ago
BNPL TO CONTRIBUTE 14% OF E-COMMERCE TRANSACTION VALUE BY 2026: BENORI
KNOWLEDGE
Buy Now, Pay Later or BNPL will comprise 14% of the transaction value for
e-commerce companies by 2026, growing nearly 5x from 3% of such transactions
in 2021, points out market research by Benori Knowledge. BNPL payment option
is one of the most interesting trends to play out against the backdrop of the
accelerated adoption of e-commerce platforms in India.
* Financial Services / 3h hrs ago
OIL PRICE RISE, FED RATE HIKE FEARS DRIVE SENSEX, NIFTY LOWER
"The market now lacks direction and is moving up or down on a daily basis
responding to news regarding crude price, FPI flows and speculation on what
the Fed might do in the coming policy meeting. Nifty is likely to move in the
17,000-17,500 range in the short run," said VK Vijayakumar, Chief Investment
Strategist at Geojit Financial Services.
* Policy / 3h hrs ago
INDUSTRY BODIES MAKE REPRESENTATION TO SEBI; PLEA TO REVIEW RELATED PARTY
NORMS
Industry bodies have made a representation to Sebi seeking changes in the new
norms on related party transactions that will come into effect from April 1.
* Financial Services / 3h hrs ago
AT $14.5 BILLION, INDIA SEES LARGEST OUTFLOWS IN 2022 TILL DATE: WHAT THIS
MEANS FOR THE RUPEE
Other EMs that have witnessed portfolio outflows include South Africa and
Poland, but in both countries it was led by debt outflows.
* Fintech / 3h hrs ago
PAYMENTS RECEIVED IN CRYPTOCURRENCIES SET TO FACE GST COMPLICATIONS
Many individuals have claimed that they got paid in cryptocurrency after they
did some work such as graphic designing or advisory for clients based in the
US or Singapore. The question is whether this is supply of services or an
export, and what is the GST applicable on it.
* Industry / 3h hrs ago
WILFUL DEFAULT CASES DOWN BY OVER 50% IN LAST EIGHT YEARS: GOVT DATA
A borrower is declared as a wilful defaulter when he does not meet his
obligations or pay back money despite the ability to do so, or diverted funds
for purposes other than those specified while availing of financing, or
siphoned off funds, disposed off secured assets without the bank’s knowledge.
* Industry / 43m mins ago
GOVT HAS ISSUED 586 NOTICES INVOLVING UNDISCLOSED FOREIGN ASSETS AND INCOME
OF OVER RS 39,620 CR
While there is no official estimate of how much black money is lying in
foreign accounts, Rs 2,476 crore has been collected as tax and penalty under
the one-time three months compliance window in 2015, the government said in
Parliament earlier this week.
* NBFC / 42m mins ago
FUTURE'S OFFSHORE BONDHOLDERS GET RECOVERY ASSURANCE
Senior secured bondholders are placed up in the hierarchy for recovery of
dues if a company undergoes insolvency proceedings since the bonds are backed
by collateral. Most Indian lenders are also secured creditors.
View More
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CRYPTOCURRENCY
* PAYMENTS RECEIVED IN CRYPTOCURRENCIES SET TO FACE GST COMPLICATIONS
* CRYPTO PLAYERS FEAR DENIAL OF TAX BENEFITS, LACK OF PROVISIONS
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* IMPOSSIBLE TO BUILD PROFITABLE BUSINESS VIA GOOGLE, FACEBOOK ADS:
POLICYBAZAAR CEO
Sarbvir Singh, chief executive officer of PolicyBazaar, in this week's
FinTech Diary, said that it is impossible for companies to build a profitable
business by acquiring customers through Google and Facebook or digital
marketing, and it "can only be a topping on top of your main business," he
said. Singh reasoned that his company's model is able to manage its customer
acquisition cost is because 80% of their transaction cost happens through
people who come directly to the website to buy the product. This, Singh said,
is because the company put out many advertisements on television done over
the last 10-12 years. In FY21, the annual number of visits on PolicyBazaar
website was 126.5 million, Singh said, adding that the company's health and
motor insurance products are helping it build a large renewal book. PB
Fintech, the parent company of PolicyBazaar, is the first InsurTech to be
listed recently. Tune in for the full interview..
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