Bhargav Padh

Ensuring Autonomy: Paytm CEO Vijay Shekhar Sharma Affirms Independence of Payments Bank Board, Emphasizing Governance Principles. How do you believe the affirmation of independence for the Payments Bank Board by Paytm's CEO will impact stakeholder trust and regulatory compliance in the financial sector? #DigiMaaya #Paytm #PaymentsBank #Finance #Fintech

4

Govt business is the best business , govt is 40-50% partner in each enterprise even if you make loss as start up and Private business ! NCPI, CSC, are most profitable organisations , while they are tasked to do financial inclusion, imagine VC funded and listed companies payment companesies are not allowed to make money out of UPI and UPI brings profits to govt ! Debatable .. which is public and which is private for profit business ?

1

#fintech | #payments | #startups : How Reserve Bank of India (RBI)'s BBPS mandate would impact #fintechs and #banks ? The mandate could disrupt the operations of fintech companies like PhonePe and Cred , which facilitates credit card payments through their platforms , while banks fear substantial investments and loss of control over extensive customer data ecosystems. Read more at: https://lnkd.in/gX6F8iWy

1

Shachindra Nath’s non-banking financial company U GRO Capital has defied all typical growth norms. So has the founder, navigating an oft-contentious niche loan segment. However, NBFCs account for 30% of the total bank credit in India and play a critical role in credit intermediation and outreach👇 Set up in 2018 through the acquisition, recapitalisation and rebranding of the listed entity Chokhani Securities, U GRO took an unconventional route. Profitable from Day 1, it has designed and implemented a proprietary tech stack for loan underwriting and held its ground against formidable competitors. The NBFC’s profit after tax (PAT) soared to INR 119 Cr in FY24, a nearly 200% increase from INR 40 Cr in the previous financial year. 📎 To read in-depth article, click here👇 #NBFC #startups #profits #growth

46

2 Comments

Product Management in BFSI - Post #04 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬: 𝐓𝐨𝐩 5 𝐑𝐁𝐈 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫𝐬 𝐄𝐯𝐞𝐫𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐢𝐧 𝐁𝐅𝐒𝐈 𝐌𝐮𝐬𝐭 𝐊𝐧𝐨𝐰 In continuation of series on Product management In BFSI, it should be noted that regulatory compliance is non-negotiable for product success in this sector. Here are five important RBI circulars every product manager needs to understand: 1. Master Circular on Loans and Advances: Governs loan issuance, focusing on risk and transparency. Crucial for PMs working on lending products. 2. Know Your Customer (KYC) Direction: Establishes guidelines for verifying customer identity. PMs in BFSI must ensure secure, compliant onboarding processes. 3. Master Circular on NBFCs & HFC: Defines regulatory norms for Non-Banking Financial Companies (NBFCs), and Housing Finance Company from asset classification to risk management. 4. Master Circular on Customer Service in Banks: Provides standards for transparency, fairness, and grievance handling, shaping customer-focused product designs. 5. Master Circular on Prudential Norms on Income Recognition, Asset Classification, and Provisioning (IRAC): Guides classification of non-performing assets (NPAs), vital for managing loan portfolios effectively. These are just some of the key circulars. There are various other circulars and directions issued by the RBI that product managers in BFSI must refer to, depending on the product, business, and type of entity. For example, product manager working in credit card team must be well versed with RBI's 'Master direction on credit card and debit card issuance and operations' I will cover other relevant guidelines and circulars in product specific posts. By mastering these guidelines, product managers can ensure products and solutions which they build, are compliant with regulatory norms. #ProductManagement #BFSI #RBI #Regulations #Compliance #FinTech #Banking #FinancialServices #NBFC

13

With the introduction of BharatPe One, we unveil yet another disruptive innovation destined to revolutionize the digital payments ecosystem, elevating efficiency and convenience for millions of offline merchants and MSMEs across the country. By coalescing multiple functionalities into a single, cost-effective device, we offer a holistic value proposition to our merchants which is finely attuned to the nuanced requirements of small and medium enterprises spanning diverse sectors. At BharatPe, our merchant-centric ethos drives us to prioritize the needs of our partners, and this cutting-edge device reaffirms our dedication to serving as the preferred ally for offline merchants, fostering their growth and prosperity. Here’s hoping that we continue to empower our merchant partners with our fintech products that can further aid the growth of their businesses. #BharatPe #EmpoweringMerchants #BharatPeOne

240

3 Comments

Biptap is Set to Disrupt the Financial Industry After 2 Mn Funding Know more:- https://lnkd.in/d_H7BQV8 #fintecbuzznews #fintech #financialtechnology #fintecbuzz #financialservices #biptap

2

WealthMax by Bajaj Capital Ltd La Premier: A true story of how vision of Sanjiv Bajaj coupled with the dynamism of Uttam Agarwal, at gave my team and me Aabhinna Suresh Khare the opportunity to build a fabulous product thats creating waves in Wealth Industry 🇮🇳 🇮🇳 🇮🇳 𝐄𝐋𝐄𝐕𝐀𝐓𝐈𝐍𝐆 𝐋𝐄𝐆𝐀𝐂𝐘: 𝐂𝐑𝐀𝐅𝐓𝐈𝐍𝐆 𝐅𝐎𝐑 𝐈𝐍𝐃𝐈𝐀’𝐒 𝐔𝐋𝐓𝐑𝐀-𝐖𝐄𝐀𝐋𝐓𝐇𝐘-𝐔𝐋𝐓𝐑𝐀 𝐑𝐈𝐂𝐇 🇮🇳 🇮🇳 🇮🇳 FACT 𝑰𝒏𝒅𝒊𝒂 𝒉𝒂𝒔 797,714 𝑯𝑵𝑰𝒔 (𝒂𝒔𝒔𝒆𝒕𝒔 𝒘𝒐𝒓𝒕𝒉 $1𝑴+) 8.35 Crore Rs. 𝒂𝒏𝒅 13,263 𝑼𝑯𝑵𝑾𝑰𝒔 (𝒏𝒆𝒕 𝒘𝒐𝒓𝒕𝒉 $30𝑴+) i.e 250 Cr Rs 𝒂𝒔 𝒐𝒇 2022-23 𝐓𝐡𝐞 6 𝐊𝐞𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 of an HNI UHNI are 6️⃣ Portfolio Overlap: Investors unknowingly duplicate investments across multiple mutual funds, as they don't know if AMCs are investing in the same stocks. 5️⃣ Fund Selection: With 1,386 mutual fund schemes in India, selecting the right funds becomes overwhelming - like finding a needle in a haystack. 4️⃣ True Diversification: While everyone talks about diversification, understanding the correlation between investments is difficult due to lack of proper analysis tools. 3️⃣ Market Monitoring: Keeping up with fast-moving markets during volatile times (Ukraine-Russia War, Israeli conflict, US Elections) is nearly impossible to track effectively. 2️⃣ Sector Selection: Different sectors perform differently each year, and conflicting advice from various fund managers makes it difficult to know where to invest. 1️⃣ Personalization: Generic investment advice rarely fits specific individual situations and goals, and general tips don't work for personalized portfolios. We have solved all these challenges with the Wealthmax Tool. To read more about it visit here https://lnkd.in/ga2aW6gs

30

The Reserve Bank of India (RBI) has canceled the registration certificates of two Non-Banking Financial Companies (NBFCs) due to irregular lending practices. This decision underscores the RBI's commitment to maintaining the integrity and stability of the financial sector. Irregularities in lending practices can have significant repercussions, impacting both the financial health of institutions and the trust of stakeholders. It serves as a reminder of the importance of adherence to regulatory guidelines and ethical standards in finance. As professionals in the financial industry, it's crucial for us to stay informed about such developments and uphold best practices in our organizations. Let's continue to prioritize transparency, compliance, and integrity in all our operations. https://lnkd.in/gV3YZd9T

7

Digital payments surge to Rs 1,669 lakh crore in first five months of FY2025, UPI growth accelerates UPl's transaction value has soared to Rs 101 lakh crore, reflecting its role as a primary enabler of real-time and secure payments. #DigitalPayments #UPI #FintechRevolution #BFSI #ETBFSI #UPIGrowth #PaymentsInnovation #RealTimePayments https://lnkd.in/gK8BcqDy

4

*NBFCs Diversify Funding Sources Following RBI's Risk Weight Increase* Following the Reserve Bank of India's (RBI) move to raise risk weights on bank borrowings for Non-Banking Financial Companies (NBFCs) in November 2023, NBFCs have started to diversify their funding avenues and reduce their dependence on bank loans. This regulatory change, aimed at managing potential risks, has encouraged NBFCs to seek alternative sources of capital, promoting more secure and sustainable financial practices. Upper-layer NBFCs have responded by leaning heavily on secured funding options, accounting for 85.8% of their total borrowings, while middle-layer NBFCs have had to rely on more costly, unsecured sources. Despite a reduction in bank borrowing, banks remain a significant funding channel, primarily through debentures and commercial paper issuance. This strategic shift demonstrates NBFCs' resilience as they adapt to evolving regulatory frameworks, focusing on building a more stable financial future through diverse funding models. Read this article on Business Standard: https://lnkd.in/gxMfYwWU #NBFC #RBI #FinancialDiversification #CorporateFinance #IndiaEconomy #SecuredFunding

3

NPCI profits soar, but banks struggle with UPI transactions. Experts propose two solutions to unclog India's banking networks, insights by Jochelle Mendonca and Alekh Angre. #Digitalpayments #banking.

4

🚨 🚨 Paytm Q1 Results: Consumer payments take the hit, merchant biz resilient The company has reported a 137% increase in net loss to Rs 840 crore Operating revenues fell by 36% to Rs 1,501 crore in April-June 2024 on a year-on-year basis. The adjusted EBITDA loss, which excludes ESOP costs, was Rs 545 crore compared to a Rs 84 crore profit in the same period last year https://lnkd.in/gTq7n22r

13

1 Comment

Simple Advice, Big Impact - Rahul Karwa on MF Product Suitability & Incidental Advice In today's NFP UpSkill Session on MF Standards & Best Practices, Rahul Karwa from Advantage Fintech, brought clarity to the often-overlooked topic of Incidental Advice in mutual fund transactions. By focusing on aligning financial products with client needs and building transparency, he emphasized that small steps in advice can lead to huge trust and client satisfaction. Key Takeaway - Even simple advice, when done right, can lead to long lasting client satisfaction. Become a ProMember and get the entire UpSkill Series for FREE & access all resources- https://lnkd.in/d-wnuVnu #Finesse #IncidentalAdvice #MutualFunds #FinancialPlanning #MFProductTransactions #MFStandardisation #UpSkill #FinancialAdvisors #MFD #RIA #ProMembership #NetworkFP #PFP #NFP

2