Check out the latest news from the BFSI sector that made to our weekly recap headlines. 𝟏. 𝐂𝐚𝐬𝐡 𝐃𝐢𝐬𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭 𝐋𝐢𝐦𝐢𝐭 𝐟𝐨𝐫 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧𝐬: The RBI's recent policy change restricts cash disbursal for gold loans. This could level the playing field between organized lenders and smaller players but may face short-term resistance from some customers accustomed to cash transactions. 𝟐. 𝐏𝐒𝐁𝐬 𝐒𝐞𝐞𝐤 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐟𝐨𝐫 𝐈𝐧𝐟𝐫𝐚 𝐋𝐨𝐚𝐧𝐬: Public sector banks (PSBs) are lobbying the government for relaxed regulations on infrastructure loans. They argue that the current provisioning norms set by the RBI are too stringent and could discourage private lenders from entering the space, putting the burden solely on PSBs. 𝟑. 𝐓𝐫𝐚𝐯𝐞𝐥 𝐋𝐨𝐚𝐧 𝐁𝐨𝐨𝐦: A surge in travel loan applications has been observed, reflecting pent-up demand for travel after the pandemic. However, experts caution about potential repayment challenges for borrowers. 𝟒. 𝐃𝐞𝐧𝐚 𝐁𝐚𝐧𝐤 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐪𝐮𝐞𝐞𝐳𝐞: The credit squeeze faced by Dena Bank has sparked fears of a broader lending curb by financial institutions. #BFSI #FinancialServices #WeeklyRecap #Fintech #Banking #FinanceNews #FinancialMarkets #FintechInnovation #MarketTrends #EmergingTech
InvestKraft
Financial Services
New Delhi, , Delhi 10,053 followers
भारत का Super-App | One-stop solution for all your Financial and Investment needs.
About us
InvestKraft was conceived to provide the best-in-class, one-stop platform for numerous BFSI Services in the Native Languages by enabling last-mile connectivity throughout the nation. As we love to call, we are bringing "Bharat ka Super-App" for all of you.
- Website
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https://www.investkraft.com/
External link for InvestKraft
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New Delhi, , Delhi
- Type
- Privately Held
- Founded
- 2020
Locations
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Primary
New Delhi, , Delhi, IN
Employees at InvestKraft
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CA Komal Bansal
Chartered Accountant | Entrepreneur | CMO @ InvestKraft | Director @ Registrationwala | Technocrat | NewMom
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Kapil Sethi
Senior UI/UX Designer
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Gaurav Bansal
Building @InvestKraft ~ India’s Super Financial Platform/App | Founder @Registrationwala | CApreneur (CA turned Entrepreneur) | Fintech enthusiastic…
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Karan Singhal
Team leader in insurance department
Updates
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𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐜𝐭𝐨𝐫 𝐁𝐚𝐧𝐤 𝐀𝐬𝐬𝐞𝐭𝐬 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 (𝐅𝐘 𝟐𝟎𝟏𝟑 - 𝟐𝟎𝟐𝟑) Over the past decade, the assets of public sector banks in India have shown significant growth, reaching $1.69 trillion in FY 2023. This upward trend highlights the resilience and expansion of the banking sector. What are your thoughts on the future of public sector banks in India? Share your insights in the comments below! #BankingSector #PublicSectorBanks #IndiaBanking #FinancialGrowth #InvestKraft #EconomicTrends #BankAssets #FinanceInsights #IndiaEconomy #BankingTrends
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𝐍𝐞𝐞𝐝 𝐂𝐚𝐬𝐡? 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐋𝐨𝐚𝐧 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝𝐬! LAMF allows you to borrow money against your existing mutual fund holdings. This way, you access cash without selling your investments and potentially missing out on future growth. 𝐖𝐡𝐲 𝐋𝐀𝐌𝐅 𝐢𝐬 𝐚 𝐬𝐦𝐚𝐫𝐭 𝐨𝐩𝐭𝐢𝐨𝐧 ~Leverage your investments ~Pay interest only on used amount ~Continue earning returns on your mutual funds 𝐀𝐩𝐩𝐥𝐲𝐢𝐧𝐠 𝐟𝐨𝐫 𝐋𝐀𝐌𝐅 𝐢𝐬 𝐞𝐚𝐬𝐲! 1. Visit our website to check eligibility. 2. Select the mutual funds you want to pledge. 3. Apply with your KYC documents. 4. Get approved and access your funds quickly! ➡️ Apply Now: https://lnkd.in/ehTr93rM #LAMF #LoanAgainstMutualFund #MutualFundLoan #SmartInvestment #FinancialPlanning #GetCashFast #viralpost #investkraft
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🔍 Finance Fact #083: Review the Track Record of Investment Managers Before investing in actively managed funds or hiring portfolio managers, make sure to evaluate their track records, investment philosophy, and historical performance. This helps ensure you’re entrusting your money to experts with proven expertise. #FinanceFacts #InvestingTips #SmartInvesting #FinancialAdvice #InvestKraft #InvestmentStrategies #PortfolioManagement
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Check out the latest news from the BFSI sector that made to our weekly recap headlines. 𝟏. 𝐑𝐁𝐈 𝐖𝐚𝐫𝐧𝐬: 𝐀𝐈 𝐋𝐨𝐚𝐧𝐬 𝐑𝐢𝐬𝐤𝐲 RBI warns banks & NBFCs on risks of AI loan approvals. Calls for strong governance & risk management to avoid a crisis. 𝟐. 𝐈𝐧𝐝𝐢𝐚 𝐆𝐫𝐨𝐰𝐭𝐡 𝐔𝐩! 𝟔.𝟗% 𝐆𝐃𝐏 Good news for India! UN revises 2024 GDP growth upwards to 6.9% due to strong investment & consumer spending. 𝟑. 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐌𝐚𝐡𝐚𝐫𝐚𝐬𝐡𝐭𝐫𝐚 𝐓𝐨𝐩𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 Bank of Maharashtra leads the pack! With a 15.94% growth in total business for FY24, it outpaces even SBI's 13.12%. 𝟒. 𝐏𝐮𝐛𝐥𝐢𝐜 𝐁𝐚𝐧𝐤𝐬 𝐋𝐚𝐠 𝐢𝐧 𝐋𝐨𝐚𝐧𝐬? Loan growth at large public sector banks (except SBI) lagged behind the sector trend in FY24, with rates between 11-13%, vs. 16% overall. SBI saw over 15% growth. Margin pressure and cautious lending were key factors. External benchmark linked loans rose to 56.2% by Dec 2023. #BFSI #FinancialServices #WeeklyRecap #Fintech #Banking #FinanceNews #FinancialMarkets #FintechInnovation #MarketTrends #EmergingTech
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Outstanding loans have seen remarkable growth across various categories from 2022 to 2023! 📈 According to RBI data, housing loans continue to lead the charge, followed by personal and auto loans. Credit card debt and loans against FDs are also on the rise. In your opinion, which loan category will experience the highest growth in the coming year? Let us know in the comments! 💬 #LoanTrends #FinancialGrowth #HousingLoans #PersonalLoans #AutoLoans #CreditCardDebt #Investment #RBI #FinanceInsights #InvestKraft
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🏠 Seeking the perfect home loan for your dream house? Look no further! Our comprehensive guide lists the Top 10 Best Banks for Home Loans 2024. These banks offer tailored solutions to suit your needs, from competitive rates to streamlined application processes. Check it out now to make your homeownership journey a breeze! #HomeLoans #Homeownership #Banking2024 🏦💼✨ 1. State Bank of India (SBI): Extensive loan products tailored for diverse needs, with a user-friendly online application. 2. HDFC Bank: Competitive rates, high loan amounts, and a streamlined application process from the comfort of your home. 3. ICICI Bank: Convenient online application, flexible loan amounts, and competitive interest rates for your dream home. 4. Kotak Mahindra Bank: Competitive interest rates, simplified online application, and special offers on processing fees. 5. Punjab National Bank: Diverse loan options catering to specific needs, including special schemes for government employees and young professionals. 6. Bank of Baroda: Competitive rates, flexible repayment options, and a simplified online application process for aspiring homeowners. 7. IDFC First Bank: Competitive interest rates, high loan eligibility, and a hassle-free digital application process. 8. Bank of Maharashtra: Competitive interest rates, minimal processing fees, and special concessions for women and defense personnel. 9. Union Bank of India: Flexible repayment options, competitive interest rates, and a hassle-free application process for your dream home. 10. Axis Bank: Competitive rates, flexible repayment options, and doorstep services for a convenient loan experience. Read more: https://bit.ly/3WJOsFi
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Stay informed about investor protection measures! Keep up with regulatory bodies, complaint filing procedures, and investor education initiatives in your area. Protect your investments by staying educated! 💼📚 #InvestSmart #InvestorProtection #FinancialLiteracy #InvestKraft #StayInformed #FinanceTips #InvestmentAdvice #FinancialEducation #RegulatoryUpdates #InvestorAwareness #SmartInvesting #FinanceFacts
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Check out the latest news from the BFSI sector that made to our weekly recap headlines. 1. NBFC Restructuring: Upper-layer NBFCs are restructuring to comply with RBI norms, aiming for efficiency. Experts foresee more opting for this path, despite potential misalignment with public investors. 2. SC Ruling on Loans: Supreme Court ruling on interest-free loans sparks concern among bank employees. Nearly 1 million workers were affected. Bankers convene to discuss legal options. 3. RBI Draft Norms: RBI's draft norms could delay loan approvals for property developers, potentially raising borrowing rates by 100-150 basis points, impacting the real estate sector amid a 14% rise in residential sales in the top 7 cities, reports Financial Express. #BFSI #FinancialServices #WeeklyRecap #Fintech #Banking #Insurance #Investment #FinanceNews #FinancialMarkets #FintechInnovation #FinancialInclusion #RegTech #WealthManagement #DigitalTransformation #FinancialLiteracy #MarketTrends #EconomicOutlook #Macroeconomics #RiskManagement #Compliance #Payments #Lending #CapitalMarkets #EmergingTech #AIinFinance #OpenBanking #SustainableFinance
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Discover the 7 Countries Most In Debt To The IMF. 💰 #debt #IMF #internationalmonetaryfund #economy #financialcrisis #globaldebt #internationaldebt #economicaid #financialassistance #debtmanagement