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Fintech
INSURTECHS ORCHESTRATING GREAT CHANGE, ALMOST INTEGRAL FOR SECTORAL GROWTH:
TURTLEMINT CEO
Turtlemint's Co-founder and CEO, Dhirendra Mahyavanshi, in conversation with
ETBFSI spoke about the significance and importance of InsurTech companies in the
sector, among other topics like how the company is reaching out to younger
audience, it's growth and IPO plans.
LATEST NEWS
* 4h hrs ago At least 30% Indians have been a victim of online identity theft:
Survey
* 4h hrs ago Government plans to start next round of public sector bank mergers
* 4h hrs ago Demand revival to help NBFCs post best quarter in two years
* 4h hrs ago Indiabulls Housing raises Rs 500 crore from LIC via bonds
* 4h hrs ago Sticky micro loans at Rs 32,000 crore, but profitability for
NBFC-MFIs may improve
* 4h hrs ago Fed could weigh 100 bps hike after inflation scorcher
* 4h hrs ago Card-based fintechs switch to plan B for biz continuity
* 4h hrs ago FPL Technologies set to be newest fintech unicorn
View More
Blog
SEMI-URBAN/RURAL AFFORDABLE HOUSING OUTPACING URBAN DEMAND
Expectations of a good harvest and increased disposable income have reduced the
risk aversion that had crept into the rural economy during the pandemic, instead
fuelling the appetite for big-ticket purchases or investments, including home
buying. Increased disposable income in the hands of rural customers has also
aided the demand for affordable housing.
Industry
CPI INFLATION UNDERSHOOTS EXPECTATIONS AT 7% : REPORT
India's retail inflation based on consumer price index (CPI) stood at 7.01% in
June, data released by government showed on Tuesday. A report by Emkay
highlighted the cause of the current inflation numbers, future CPI predictions,
Industrial Production growth and RBI's future rate hike forecasts. ETBFSI gives
you a gist of it with views of analysts of the BFSI space and detailed analysis
by Bank of Baroda.
Policy
INFLATION BY MARCH 2023 SEEN CLOSER TO 5%: REPORT
As per the data released by the NSO, CPI inflation moderated slightly to 7.01
per cent in the previous month of June as compared to 7.04 per cent in May due
to moderation in food inflation.
Fintech
VOICE PAYMENTS TO BE THE NEXT BIG INNOVATION IN THE FINTECH ECOSYSTEM : AMAZON
PAY'S BANSAL
Vikas Bansal, Director, Amazon Pay India recently in an event, highlighted how
the payments ecosystem has evolved over the centuries – from cards to cheques to
cards with pins to swipe and pay, and tap and pay now, and that the next big
innovation in this ecosystem will be ‘speak & pay'.
Insurance
TIME TO GO BEYOND TRADITIONAL SEGMENTATION; FOCUS ON REBALANCING PRODUCT MIX:
MAX LIFE DMD
In a recent interview with ETBFSI, V Viswanand, DMD, Max Life Insurance, spoke
about the importance of data and hyper personalisation in Insurance, company's
digital strategy, life insurance industry outlook among other interesting talk
points. He also shared his insights on how personalization is set to go beyond
traditional segmentation in Insurance and how a significant effort to balance
the product mix besides focusing on new sales benefited the company in Q4 FY22.
NBFC
DIGITAL DISRUPTION NEW NORMAL, WORKING ON ‘SHRIRAM ONE’ SUPER APP: REVANKAR AND
CHAKRAVARTI
Shriram Transport Finance Company and Shriram City Union Finance has received
approval from equity shareholders and secured and unsecured creditors last week
for the merger of STFC with SCUF. Since we were the first to report about the
merger deadline, ETBFSI followed up with YS Chakravarti, MD and CEO of SCUF, and
Umesh Revankar, VC and MD of STFC, on what is going to change after the merger.
View More
TOP FEATURED STORIES
Banking / 10 days ago
NOT ALL BANK SYSTEMS ARE MEANT TO BE SUPPORTED BY CLOUD: CELINE LE COTONNEC
Ever since the pandemic, BFSI companies have been opting for technological
advancements, and have switched to data centers, cloud systems, etc. Celine Le
Cotonnec, Chief Data Innovation Officer, Bank of Singapore, spoke to ETBFSI, on
the sidelines of the Point Zero Forum in Zurich, on this emerging trend. Read
the full interview here.
* Insurance
AFTER 21 YEARS OF PRIVATISATION AND EXTENSIVE EFFORT, HOW HAS INDIA'S
INSURANCE SECTOR EVOLVED?
* Financial Services
HOW ARE GREEN, SOCIAL AND SUSTAINABILITY BONDS FARING IN INDIA?
* NBFC
'OPEN TO MORE PARTNERSHIPS, POSSIBLY BE A LENDING-BACKED MARKETPLACE'
* Insurance
'PIRAMAL ELIGIBLE TO BID FOR RCAP'S GENERAL AND HEALTH INSURANCE BIZ'
View More
BLOG
* Ravi Subramanian - MD & CEO, Shriram Housing Finance
SEMI-URBAN/RURAL AFFORDABLE HOUSING OUTPACING URBAN DEMAND
* Vivek Veda - Co-Founder & CFO, KreditBee
HERE’S WHY DIGITAL LENDERS ARE LEVERAGING NEW-AGE TECHNOLOGY FOR THEIR
OFFERINGS
* Rasleen Kaur - Head – Corporate Strategy and Investor Relations,
Policybazaar.com
TRANSFORMING THE DISTRIBUTION-CONTROLLED INSURANCE INDUSTRY WITH DIGITIZATION
* Manish Agrawal - Head – Credit Intelligence and Control, HDFC Bank
FRAUDSTERS 'HACKING' CONSUMERS' MINDS TO STEAL MONEY
* Krishnan Sitaraman - Senior Director, CRISIL Ratings
THE SHIMMER OF SECURITISED GOLD LOANS
* Raghunandan G - Founder & CEO, Zolve
TRAVERSING THROUGH A RECESSION, THE FINTECH WAY
View More
FINTECH
Fintech / 1 hr ago
INSURTECHS ORCHESTRATING GREAT CHANGE, ALMOST INTEGRAL FOR SECTORAL GROWTH:
TURTLEMINT CEO
Turtlemint's Co-founder and CEO, Dhirendra Mahyavanshi, in conversation with
ETBFSI spoke about the significance and importance of InsurTech companies in the
sector, among other topics like how the company is reaching out to younger
audience, it's growth and IPO plans.
* Fintech / 1 hr ago
CARD-BASED FINTECHS SWITCH TO PLAN B FOR BIZ CONTINUITY
* Fintech / 1 hr ago
FPL TECHNOLOGIES SET TO BE NEWEST FINTECH UNICORN
* Fintech / 14 hrs ago
JUSPAY COFOUNDER’S STARTUP HYPERFACE RAISES $9 MILLION IN FUNDING FROM 3ONE4
CAPITAL, OTHERS
* Fintech / 19 hrs ago
LENDENCLUB APPOINTS ASHISH JAIN AS CHIEF BUSINESS OFFICER - INVESTMENTS
View More
POLICY
Policy / 1 hr ago
FED COULD WEIGH 100 BPS HIKE AFTER INFLATION SCORCHER
"I think they have time, if they want, to change that expectation to 100. I
don't think they've given us a great reason why they should be going slow here,"
said Michael Feroli, chief US economist at JPMorgan.
* Policy / 19 hrs ago
INFLATION BY MARCH 2023 SEEN CLOSER TO 5%: REPORT
* Policy / 22 hrs ago
RBI CANCELS CERTIFICATE OF REGISTRATION OF FOUR NBFCS
* Policy / 1 day ago
RBI MEETS BANK EXECUTIVES TO GET MARKET PULSE
* Policy / 1 day ago
RUPEE SETTLEMENT MAY BRING ANNUAL SAVINGS OF $36 BILLION IN HARD CURRENCY
View More
NBFC
* DEMAND REVIVAL TO HELP NBFCS POST BEST QUARTER IN TWO YEARS
* STICKY MICRO LOANS AT RS 32,000 CRORE, BUT PROFITABILITY FOR NBFC-MFIS MAY
IMPROVE
* MFIS' GROSS LOAN PORTFOLIO RISES TO RS 2.9 LAKH CRORE AT MARCH-END: REPORT
* DIGITAL DISRUPTION NEW NORMAL, WORKING ON ‘SHRIRAM ONE’ SUPER APP: REVANKAR
AND CHAKRAVARTI
* AROHAN LAUNCHES DIGITAL LENDING APP, EXPECTS TO RAISE LOAN PORTFOLIO BY RS
600CR BY FY23
* AROHAN FINANCIAL IN TALKS WITH PES TO RAISE RS 1,900 CR
* NBFCS, HFCS SECURITISATION VOLUMES ALMOST DOUBLED TO RS 33,000 CRORE IN
APRIL-JUNE: REPORT
* NBFC-HFCS TO HAVE HEALTHY DISBURSEMENT MOMENTUM, STEADY QUARTER : REPORT
* CSC, ADANI CAPITAL IN PACT TO OFFER WORKING CAPITAL TO 6K SELLERS
* NIIF TO BRING NEW INVESTORS ON DEBT PLATFORM
* CO-LENDING EASING CAPITAL ISSUES FOR NBFCS: GODREJ CAPITAL
* SHRIRAM TRANSPORT FINANCE GETS SHAREHOLDERS, CREDITORS NOD FOR MERGER
* FIRED EXECS DIDN’T IMPACT OPS, LIQUIDITY, SAYS AXIS MF
* MYSHUBHLIFE AIMS TO DISBURSE RS 550 CRORE WORTH OF LOANS BY THE NEXT
FINANCIAL YEAR
* MFIS MAY SEE IMPROVED PROFITS ON FLEXIBLE LENDING RATES
* MUTHOOT FINANCE GETS RBI NOD TO OPEN 150 NEW BRANCHES ACROSS INDIA
* HDFC AND HDFC BANK MERGER PROPOSAL GETS NOD FROM BOURSES
* DOMESTIC HOUSING SECTOR SET TO GROW IN NEXT 5 YEARS: PNB HOUSING FINANCE
* INDIABULLS HOUSING RAISES $100 MILLION VIA OFFSHORE LOAN FROM SBI
* PNB HOUSING FIN TO SEEK SHAREHOLDERS' NOD NEXT MONTH TO RAISE RS 12,000 CR IN
DEBT
View More
MORE FROM ETBFSI
* Financial Services / 4h hrs ago
AT LEAST 30% INDIANS HAVE BEEN A VICTIM OF ONLINE IDENTITY THEFT: SURVEY
Digital payments have now overtaken credit cards with 91% of Indians
preferring online payment methods for financial transactions, according to
the latest report by Experian Global Insights
* Banking / 4h hrs ago
GOVERNMENT PLANS TO START NEXT ROUND OF PUBLIC SECTOR BANK MERGERS
The govt will likely introduce a bill in the upcoming monsoon session of
parliament to make amendments to facilitate privatisation of state-run banks.
* NBFC / 4h hrs ago
DEMAND REVIVAL TO HELP NBFCS POST BEST QUARTER IN TWO YEARS
Microfinance loans overdue by over 30 days along with restructured loans are
estimated to have declined 800 basis points to around 14% as of March 2022,
after peaking at approximately 22% in September 2021, rating agency Crisil
said. But it remains well above the pre-pandemic levels of 3%, Crisil said in
May.
* Financial Services / 4h hrs ago
INDIABULLS HOUSING RAISES RS 500 CRORE FROM LIC VIA BONDS
Life Insurance Corporation is said to have subscribed those bonds, rated AA
(Stable) by rating company ICRA. LIC could not be contacted immediately for
comments.Those are 10-year bonds that offer 9.70 percent. The proceeds will
likely be used to build up the loan book.
* NBFC / 4h hrs ago
STICKY MICRO LOANS AT RS 32,000 CRORE, BUT PROFITABILITY FOR NBFC-MFIS MAY
IMPROVE
The high level of sticky loans has shortened the odds on more future
write-off by lenders. Write-offs increased to 4.8% at the end of March from
4.4% of the total portfolio three months prior to that, according to the CRIF
data, which was released Wednesday.
* Policy / 4h hrs ago
FED COULD WEIGH 100 BPS HIKE AFTER INFLATION SCORCHER
"I think they have time, if they want, to change that expectation to 100. I
don't think they've given us a great reason why they should be going slow
here," said Michael Feroli, chief US economist at JPMorgan.
* Fintech / 4h hrs ago
CARD-BASED FINTECHS SWITCH TO PLAN B FOR BIZ CONTINUITY
Several fintech firms have reached out to leading banks to explore
alternative credit models, sources told ET. These include opening a bank
account — plus an add-on debit card — with lenders to disburse loans, issuing
co-branded credit cards instead of PPIs and disbursing the credit as cash
directly into a customer’s existing bank account.
* Fintech / 4h hrs ago
FPL TECHNOLOGIES SET TO BE NEWEST FINTECH UNICORN
Founded in 2019, FPL Technologies operates digital credit score platform,
OneScore, and has a total of 10 million registered users utilising the
solution. Its key offering includes physical and virtual credit card,
OneCard, which it issues in partnership with banks.
View More
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CRYPTOCURRENCY
* GLOBAL REGULATORS BACK 'SAME RISK, SAME REGULATION' FOR STABLECOINS
* COINBASE'S BRIAN ARMSTRONG EXPLAINS EFFICIENCY MEASURES AMID RISING
VOLATILITY
* BITBNS INTRODUCES TAX SHIELD TO 'AVOID' TDS ON SIP INVESTMENTS IN CRYPTOS
* RUSSIA TO IMPROVE CRYPTO TRANSACTION MONITORING AS REGULATION DRAWS CLOSER
* CRYPTO EXCHANGE BINANCE (US) HIRES FORMER PAYPAL EXECUTIVE JASMINE LEE AS CFO
* TRIPLE TROUBLE FOR CRYPTO: LIQUIDITY CRUNCH, BEAR MARKET, NEW TAX RULES
* GLOBAL COMPARABLE REGULATIONS ARE NEEDED FOR CRYPTOCURRENCIES: SWITZERLAND
FINANCE SECRETARY
* WILL THE CRYPTO WINTER SHUT SMALLER EXCHANGES OR LEAD TO ACQUISITION BY
BIGGER WHALES?
* BANK OF ENGLAND: CRYPTO CRASHES SHOW NEED FOR TOUGHER RULES
View More
BFSI VIDEOS
* INDIAN FINTECHS WILL MOVE TOWARDS 2ND ORDER PRODUCTS IN THE NEXT 3 YEARS,
SAYS MADHUSUDHAN R
Madhusudan R, Founder and CEO, M2P Fintech at the ETBFSI FinNext Summit 2022
said that the Fintech Sector has hit a speed breaker in regards to the
funding slowdown but he thinks it's only to accelerate the growth from here
in terms of how it is made sure that a lot of unwarranted stuff is cut out.
"Investment in Fintechs is like how we personally invest in the market. When
the markets crash, we pull back our money and stop as there is a lot of fear.
The venture world is no different and I hope that in the next 6-12 months
things will start to get back on track". Madhusudan also believes that Indian
Fintechs are still at a very early stage and are catering to what he calls
first order products that fulfill basic needs. In the next 2-3 years, we'll
start looking at second order products like autopilot investment management.
He also shared his insights on how open banking is evolving in India very
differently from how the world sees it primarily because at the macro level
certain things are going very well for India.
* 10 days ago
CO-LENDING MODEL A SURE SHOT SUCCESS, SAYS MONU RATRA OF IIFL HOME FINANCE
* 13 days ago
NEXT 5 YEARS TO BE THE BRIGHTEST FOR INDIAN FINTECHS, SAYS LENDENCLUB CEO
* 14 days ago
CREDIT DEMAND TO REMAIN POSITIVE IN SPITE OF RATE HIKE, NO IMMEDIATE
SLOWDOWN, SAYS UMESH REVANKAR
View More
EDITOR'S PICK
* 1 hr ago
INSURTECHS ORCHESTRATING GREAT CHANGE, ALMOST INTEGRAL FOR SECTORAL GROWTH:
TURTLEMINT CEO
* 1 hr ago
SEMI-URBAN/RURAL AFFORDABLE HOUSING OUTPACING URBAN DEMAND
* 1 hr ago
CPI INFLATION UNDERSHOOTS EXPECTATIONS AT 7% : REPORT
* 19 hrs ago
LENDENCLUB APPOINTS ASHISH JAIN AS CHIEF BUSINESS OFFICER - INVESTMENTS
* 19 hrs ago
INFLATION BY MARCH 2023 SEEN CLOSER TO 5%: REPORT
MOST READ
* 4 days ago
IRDAI PROCESSING LICENCE APPLICATIONS OF 12 COMPANIES
* 1 day ago
SC VERDICT ON VIJAY MALLYA TO SEND A STERN MESSAGE TO BIG-TICKET LOAN
DEFAULTERS
* 3 days ago
15 FINTECHS RAISE $420.7 MILLION IN JUNE: PGA LABS
* 7 days ago
INCREASED PARTICIPATION IN STOCKS NOT TO SUSTAIN, ONLY ABOUT 10 CR INDIANS
HAVE ENOUGH MONEY TO INVEST : NITHIN KAMATH
* 2 days ago
PRIVATISE ALL PUBLIC SECTOR BANKS EXCEPT SBI FOR NOW: ECONOMISTS
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