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The Indian FinTech ecosystem demonstrates uniqueness. Its growth is propelled and determined by numerous factors and the involvement of a myriad of stakeholders, including founders, startups, a vast customer base, institutions, and government & regulatory bodies, to name a few.
Fintech is flourishing like never before in India. That's attributable to an…
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The financial sector is quite difficult to get a grasp on. Owing to a myriad of sectors that have different norms, it becomes a bit cumbersome to make the right decisions. The laws for banks and NFBCs are quite different. If you have also wondered what non-banking financial institutions are and how…
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Banks and non-banking financial institutions are the most vital financial institutions that not only fulfill the financial needs of individuals and businesses but also have a significant impact on the economy.
If you have always wondered how non-banking financial companies differ from banks, know that you aren’t alone. NBFCs are way different…
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Co-lending, also known as co-origination, is a system in which banks and non-banking financial companies collaborate to provide credit to the priority sector participants. Under this arrangement, banks and NBFCs share risk in an 80:20 ratio (80 % of the loan with the bank and a minimum of 20% with the non-banks).…
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Gone were the days when blockchain technology was only associated with cryptocurrency. Now, many industries, like healthcare, insurance, logistics, medicine, entertainment, etc., are trying to harness the advantages of this new and evolving technology, and fintech, as an evolving industry that entirely depends on technology, does not want to lag in any…
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Introduction
The Reserve Bank of India often issues master directions and notifications regarding the working of NBFCs. Hence, it helps NBFC adhere to the public interest and safeguards itself when borrowers fail to repay and restore their financial assets in the event of the same.
Thus, it includes the recovery of NPAs, and the…
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Introduction
Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998.
Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other…
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Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth.
According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021.
Moreover,…
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Introduction
To run and execute any business's 5-year plan in its arsenal is as crucial as having a product— it helps teams and investors understand and account for the business’ core idea and prove its metal. However, employing an actionable one takes time, and future uncertainty makes it even harder to…
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NBFCs (non-banking financial companies), unlike other banking institutions they don't adhere to banking regulations but are regulated by Reserve Bank of India and are registered institutes under the companies act 1956 or Companies Act 2013.
In India, there are mainly two kinds of NBFC:
Depositing accepting NBFCs - regulated by RBI Non-deposit…
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Neo banks— online banks, internet-only or no branch banks.
With the catered and personalized customer solutions— In the next five years, the global NeoBank market is recorded to grow at 47.1% and hit a $333.4 billion market size (CAGR).
Along with seamless 24x7 remote services, NeoBanks are easy to set up because…
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What does VCFO stand for? The acronym for Virtual Chief Finance Officers is becoming popular as it provides freedom to hire financial roles with redeemable contracts.
A Virtual CFO assists in day-to-day supervision and management of the finance department and helps in capital raising, lending strategies, and implementation.
Many companies are already…