FINTECHS SUSTAINABILITY
Are FIIs getting into a big buy mode in India? Dipan Mehta answers
On days of positive FII flows largecap stocks will do exceptionally well because those are the ones that they really are targeting and if FII buying, even FII selling, stops in some of the largecap index stocks, local money will ensure that the stock prices move up, says Dipan Mehta
Tighter regulations are for the greater good of fintech ecosystem, not obstacles, say industry leaders
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
MSMEs & green finance: How fintechs can help small businesses adopt sustainability
Small businesses need green finance to offset their environmental footprint. This is the only way to make the domestic industry more climate-friendly.
Global Economic Summit 2024 to empower MSMEs through fintech solutions
India's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating the Digital Revolution.' The event features support from ONDC, DLAI, and Atal Incubation Centre - RMP, with notable speakers discussing evolving market trends and critical technologies.
Kinara Capital's resilient model gives it 51% profit rise despite distress in fintech sector
The fintech company has been profitable even when the customer segment was disproportionately impacted, says Hardika Shah, Founder & CEO of Kinara Capital. She says this has happened on the back of a balanced business model and strategic planning.
Betting on disruptors in India’s BFSI sector: Insights from Beams Fintech Fund, Sagar Agarvwal
The Fintech and Financial Services sector has grown exponentially in the last few years, and yet much more is to be achieved. In India, the sector contributes nearly one-third of the GDP and $1.3 trn in market cap. Additionally, disruptive products by fintech companies, aided by innovation-friendly policies have made India one of the fastest-growing financial services market in the world. As a result, there are ample opportunities for investments in this space.
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Company boards are getting younger, but balancing vitality with expertise is key to success
Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.
India's data centre capacity to double to 2,000 MW by 2026
India's data centre capacity will double to 2,000 MW by 2026, driven by 'green energy'. The industry expects substantial growth, with increasing internet users and digitisation fueling demand for data centres.
Hot Stocks: Brokerage view on Max Financials, Pidilite, JSW Energy and PB Fintech
Morgan Stanley rates PB Fintech as Equal Weight, Jefferies suggests buying JSW Energy, Goldman Sachs reaffirms its buy rating on Pidilite Industries, and UBS recommends buying Max Financials.
Fintech future forward: How this longest-running IIM Calcutta programme is preparing industry leaders to navigate the next wave of financial technology
IIM Calcutta's AMPFFB Programme prepares fintech professionals for industry leadership through strategic skills and digital transformation knowledge. With a focus on innovation and excellence, graduates become visionary fintech leaders in the evolving finance landscape.
Binny Bansal, CaratLane’s Sacheti back Xeed Ventures; decoding fintech’s AMC biz
Xeed Ventures, an early-stage fund run by Sailesh Tulshan, which was formerly known as 021 Capital, has also roped in Premji Invest as an LP. The investment committee (IC) for Xeed will consist of Tulshan, Bansal and Sacheti. Xeed is aiming to make a final close of Rs 600 crore and has already snagged 70% of the target corpus, according to people in the know.
Rise of fintech leads to demand for leaders who can manage regulatory and business requirements
Increased regulatory requirements in fintech drive demand for professionals with expertise in blockchain, AI, and cybersecurity. Boards seek leaders capable of navigating complex regulatory landscapes while fostering innovation and ensuring regulatory compliance for sustainable growth.
How GoI, regulators and fintech firms can unlock the full potential of India's digital financial revolution
This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years.
India's election manifesto should be big-ticket reforms: CII President
R Dinesh, President of CII emphasised big-ticket reforms and broad consensus amongst the centre and the states to make the sea-change. Speaking with CII President, he said, "From an industry perspective, let me make four broad points. First and foremost, we are saying that India should have growth and it should be inclusive growth, which is very important for us, both from an industry perspective and also from the country's economic growth perspective."
Mukesh Bansal’s Cultfit gets new CEO; Google unveils Arm-based chip
Cultfit has formally appointed Naresh Krishnaswamy as CEO. Details on this and more in today’s ETtech Top 5.
Sensex rises 200 points, Nifty near 22,700 on gains in index heavyweights
Sensex and Nifty rise. Paytm CEO change and PB Fintech's new subsidiary affect stock prices. TCS to kickstart the quarterly results season. Global market factors influence trading sentiments.
Norms for swappable e-bus batteries; Avanse, Subko raise funds
The government is framing rules to enhance interoperability for batteries used in electric buses. This and more in today’s ETtech Top 5.
Fintechs see exponential growth in small-ticket loans but need to focus on sustainability: Report
According to a report titled ‘Charting New Horizons for Fintech Lending: Navigating Profitability and Scalability’, Till September 2023, 77% of the loans under Rs 1 lakh were given out by fintech lenders, from around 50% in FY18. In value terms, fintechs accounted for 50% of market share with non-banking lenders making up 25%.
RBI’s action not against Paytm; it is against payment bank; we support fintechs: Shaktikanta Das
Shaktikanta Das, Governor of RBI, clarifies that the RBI's action is against payment banks, not fintech companies like Paytm. Fintechs are free to grow as long as they are not NBFC lenders. The majority of Paytm users are linked to other banks, so only 15-20% of customers are impacted by RBI's restrictions.
RBI governor on fintechs; Google, Indian apps in temporary truce
The banking regulator's recent actions are not directed against any fintech but against a regulated entity, the Governor underlined in a reference to the Paytm case that has caused major ripples in India's fintech industry.
RBI not against any fintech; they are free to grow: Governor Shaktikanta Das
The banking regulator's recent actions are not directed against any fintech but against a regulated entity, the Governor underlined in a reference to the Paytm case that has caused major ripples in India's fintech industry.
Technical Breakout Stocks: How to trade Sona BLW, Intellect Design and PB Fintech on Friday
The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed higher but failed to hold above the 22,000 mark on Thursday. Sectorally, buying was seen in power, public sector, metal, and capital goods stocks while healthcare stocks saw some selling pressure.
Fintechs await government word on MDR subsidy allocation
While the allocation of funds typically happens between December and January, this year the allocation announcement is still pending, industry insiders said. With the general elections round the corner, the industry is worried that the allocation and the subsequent disbursal of funds could be further delayed.
Policybazaar shares jump 7% on IRDAI's license upgrade for PB Fintech's arm
The insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited to 'Composite Insurance Broker' from 'Direct Insurance Broker'
Policybazaar shares cross IPO price after 2 years, jump 14% on first-ever profit
Policybazaar share price: PB Fintech's first-ever profit catapulted its stock to a fresh 52-week high. Target price upgrades served as the icing on the cake. BofA raised the target, retaining its neutral rating. Kotak Institutional Equities maintained a buy view relying on broad-based growth. Nuvama raised the price target but retained the 'reduce' rating on rich valuations. PB Fintech reported a consolidated net profit of Rs 38 crore, against a loss a year ago. Revenue increased 43% YoY to Rs 871 crore.
PB Fintech Q3 results today: Fintech likely to swing to profit. Key things to track for investors
PB Fintech Q3 results: PB Fintech, operator of policybazaar, to report Q3 results today with expected revenue growth of 34% YoY and first positive profit. Analysts predict a profit of Rs 26.9 crore. The company's Q2 revenue from operations grew at 42% YoY to Rs 812 crore. JM Financial expects strong growth in insurance premium and loan disbursals with respective revenue growth of 45% and 42%. Despite a strong quarter, analysts see room for high growth with declining losses in PoSP and increased renewals for sustained margin improvement.
Innovation, sustainability to fuel transformative phase: Accel’s Prashanth Prakash
India’s manufacturing sector is poised to undergo a seismic shift, redefining paradigms as it aims to become a $300-billion sector. As Indians gain confidence in our infrastructure, ability to serve, we anticipate increased investment in the form of Manufacturing as a Service (MaaS). A tech-driven platform overlaid on fully integrated vertical manufacturing value chains, MaaS can extend and expand the South (Southeast Asia, GCC) using disaggregated supply chains, with tech.
ETSA panel discussion: Focus needed on building new ventures sustainably for public markets
Prashanth Prakash, partner at Accel India, said India’s public markets are one of the best things that the country has to offer to the new economy space, but the ecosystem “lost sight of what it is to practically build a company for the public market”.
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