Reading Time: 10 minutes For the uninitiated, Navi is former Flipkart boss Sachin Bansal’s second venture. According to a recent interview with Moneycontrol, he seemed averse to calling Navi a FinTech company.
Author: Anirudha Basak
Anirudha is immensely passionate about finance, economy, businesses, personal finance, and of course, banking. He has an MBA in Finance from XIMB.
Reading Time: 5 minutes FinTech is so important now that RBI has been actively conducting sandbox experiments with young startups in several themes such as retail payments, MSME lending.
Reading Time: 8 minutes For the uninitiated, the technical term for CRED Mint is “P2P lending” or peer-to-peer lending. Even though the name might sound new and fancy, this industry is actually a bit old, even for India.
Reading Time: 5 minutes Source link | Follow Anirudh Basak on Twitter | Subscribe to His Blog Here Remember PMC Bank? If you don’t, here’s a refresher: Let’s just say, it is…
Reading Time: 9 minutes In this week’s newsletter, we’ll cover the latest notification from Central Bank. This week, the central bank reviewed changes in fees and customer charges for…
Reading Time: 5 minutes If your savings bank or current account hasn’t witnessed any financial transactions (debit/credit except interest paid to the bank account) for more than a year, the account is considered inactive. After 2 years, the account is declared dormant/inoperative.
Reading Time: 6 minutes Hey everyone! Last week, I took your help in selecting a new topic for me to write on. As promised, here are the results: Almost…
Reading Time: 5 minutes On a recent conference call with analysts, the Executive Director of ICICI Bank, Anup Bagchi, answered a question on credit cards. Here’s what Anup had…
Reading Time: 5 minutes Hey there! Hope you’re safe and well. If you use social media even sparingly, you’d have realised how grim the situation is across India. Every…
Reading Time: 6 minutes Since the time Citigroup announced that its consumer banking franchise would exit 13 markets across the world (including India), my Twitter and LinkedIN feed has…
Reading Time: 7 minutes Hey there! Before we jump in, here’s a word from our sponsors: Do you want a savings account which can double up as your wealth…
Reading Time: 7 minutes Hey everyone! A lot of subscribers mailed asking for more details about the job update last week, so here it is: On to this week’s…
Reading Time: 5 minutes Hey everyone! Right off the bat, I would like to apologise for not publishing for two consecutive weeks. Thank you to everyone who messaged me…
Reading Time: 8 minutes Original Source link | Follow Anirudh Basak on Twitter | Subscribe to His Blog Here A few days ago, another Small Finance Bank (SFB), Uttkarsh…
Reading Time: 5 minutes My favourite payment bank is now a Scheduled Commercial Bank! Here’s the official notification from RBI: So when I read this, I had a few…
Reading Time: 6 minutes Last year, in one of the Monetary Policy Speeches, RBI had promised to tighten digital payment security (you can just read the bold sentences for…
Reading Time: 7 minutes Hey guys! It’s been a long time since I’ve done a deep-dive on an individual bank. Let’s start with a relatively new one for now.…
Reading Time: 8 minutes Bad Banks I’m sure you’ve already heard about this from multiple sources. Why wouldn’t you? Our Government keeps returning to it like an ex it…
Reading Time: 8 minutes Hey there! For those who’s subscribed this week, Bank on Basak is a newsletter trying to simplify the Indian banking space as well as RBI…
Reading Time: 8 minutes This week, RBI released two excellent articles on topics in which I get the most queries about: Reader 1 Query Reader 2 Query Yes, the…
Reading Time: 8 minutes Last week, the central bank released it’s bi-annual Financial Stability Report (FSR). I feel it’s the second most important RBI publication, right after Trends and…