Founder - Burn Inves...ย โขย 5m
The RBI is increasingly cracking down on unsecured lending. The NPAs (Non-Performing Assets) of unsecured loans are also increasing rapidly. Companies that used to provide loans against salaries are now changing their business models. The NPAs of MSME (Micro, Small, and Medium Enterprises) loans are also at an all-time high. This is a very concerning issue for banking and especially for fintech.
Founder at Stockwareย โขย 8m
Navi Finserv Ordered to Cease Loan Disbursement by RBI ๐จ In a recent development, Navi Finserv, the NBFC arm of Sachin Bansalโs Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
See MoreChartered Accountant...ย โขย 2m
The Government of India has revised the investment and turnover limits for MSME classification. As per the latest notification, the new limits are: Investment criteria โ Micro Enterprises: Up to โน2.5 crore (earlier โน1 crore) โ Small Enterprises
See MoreTo be a revolutionar...ย โขย 3m
๐จ@ need a App developer ๐ง๐ปโ๐ปas a co-founder๐จ . . โ ๏ธhi I'm a student ๐จ๐ปโ๐ having a mind-blowing ๐คฏ idea ๐ก . . to design an application for small money lender ๐ฐ๐ฐ who used to give loans to MSME(micro,small , medium enterprises) ๐ง๐ปโ๏ฟฝ
See MoreFounder - Burn Inves...ย โขย 7m
We reached out to many P2P platforms from January to July this year regarding their incorrect business models where they were not following P2P lending rules. They kept telling us that they were not doing anything wrong and were operating according t
See MoreFront end developmen...ย โขย 5m
Indian household debt has skyrocketed, reaching Rs 120 trillion in March 2024, a 56% increase since June 2021. This has pushed the debt-to-GDP ratio to 42.9%, raising concerns about consumer spending. With housing loans comprising 30% and vehicle
See MoreBigLoot.in - Where S...ย โขย 8m
Navi has built a personal loan book size exceeding โน10,439 crore and has an Asset Under Management (AUM) of โน11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to pers
See MoreFounder - Burn Inves...ย โขย 1m
Fusion Finance is going through a really tough time right now. This is the fourth straight quarter theyโve reported a net loss in their profit and loss statement. Their NPAs have gone up significantly. The company really needs to clear out its bad lo
See Moreย โขย
West Bengal Tourismย โขย 6m
Currently, there are over 12 lakh self-help groups (SHGs) in Bengal, the highest among all states in India. Among these, nearly 11 lakh groups have been assured financial assistance of โน30,000 crore by the state government in the current fiscal year
See MoreFounder - Burn Inves...ย โขย 22d
P2P Lending in India Is Broken and No One Wants to Admit It ๐ The NPA rate in Indiaโs P2P lending space has gone up a lot recently but strangely, many companies and investors are still turning a blind eye. Some platforms have even built their own
See MoreDownload the medial app to read full posts, comements and news.