Page 17 - Financial Services

BharatPe aims Rs 1,000 cr loan disbursal to merchants this fiscal

BharatPe has recorded disbursal of over Rs 80 crore in September 2020 and facilitated loan disbursals to the tune of Rs 150 crore through its partners in the September quarter

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

PE fund Zephyr Peacock eyes 12 investments from $100-mn third fund

The company is also preparing to exit two portfolio companies in the next 6-8 months

Expert panel suggests making GIFT city a gateway for global investors

Committee says IFSC should aim at providing Indian diaspora and individuals from Asia and Africa with full range of financial services, serve residents availing liberalised remittance scheme

Trustees, asset managers in a bind over Sebi diktat on appointing officer

The August 10 circular mandates trustees to appoint a dedicated officer to assist them in their work

PE investments worth $1.9 bn in August, dipping 53% from July deals

Month has been better than the sub $1 billion monthly run rate seen in the early months of the coronavirus pandemic

Fintech deals double to $1.17 bn during Jan-Jun despite slowdown: Report

The first quarter of 2020 saw fund inflows jumping fivefold and the same in the second quarter added 50 per cent more

Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs

Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'

PE/VC investments drop 51% to $4.1 billion as big deals shrink in July

According to the IVCA-EY report, July recorded 10 large deals (value greater than $100 million) worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019

Unlock BFSI 2.0: Experts on whether rural India will be new growth driver

Six experts agree on interdependability of the village and urban economies, some feel that the current rural exuberance is just a blip

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

Sachin Bansal's Navi app among top three digital lenders in India

Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Navi will simplify financial services, improve affordability: Sachin Bansal

Bansal added that it is the next 100 million or so users who have the means to grab the attention of the big banks and insurance companies

Back in vogue: Banks, financial services stocks lead market recovery

Market participants are hopeful the asset quality deterioration of banks and NBFCs would not be to the extent expected earlier, and that the lending books may recover fast enough

Unify the labour market

Time to end divisions between permanent and contract workers

Women need to take charge of their financial lives: Three achievers speak

Three achievers from the financial services underline the importance of striving for financial independence on the occasion of International Women's Day, 2020

More than 30% of top 50 listed companies complete digital overhaul

The key building blocks of a successful digital transformation include the right organisational vision, creating structures across functions, and a mindset change

After Xiaomi and Realme, Oppo now forays into fintech space with Oppo Kash

The Oppo Kash app, currently in beta stage, is available on Google Play Store and Oppo App Store for all supporting Android smartphones

May take 2 years to come out of red: Paytm CEO Vijay Shekhar Sharma

Noida-based firm, which had an astonishing rise after infamous demonetisation in 2016, is betting on financial services, commerce and payments as three key focus areas