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Amidst the dominance of digital payments, Non-Banking Financial Companies (NBFCs) are strategically positioning themselves to play a pivotal role in the swiftly evolving payment ecosystem. The financial world is undergoing a profound transformation as NBFCs actively gear up to embrace innovative approaches, expanding their horizons to remain at the forefront of the industry. In this landscape, where the digital payment paradigm reigns supreme, NBFCs are proactively adapting to the changing dynamics. Their commitment to adopting forward-thinking strategies reflects a concerted effort to not only stay relevant but also to actively contribute to the ongoing revolution in financial transactions. As NBFCs navigate the digital terrain, their proactive engagement and innovative initiatives signify a broader industry trend, indicating a shift towards a more dynamic and technologically driven financial future. Revolutionizing the Game: Co-Branded Credit Cards Poonawalla Fincorp, under the strat...

In the fast-paced world of finance, where success stories often seem like elusive mirages, one name stands out—Abhay Bhutada. Over the last 2.5 years, Bhutada's Non-Banking Financial Company (NBFC) has achieved something remarkable, recording the highest-ever disbursement figures. So, what's the secret sauce behind this unprecedented success? Let's delve into the intricacies of Bhutada's strategic approach and the unique segment his NBFC has targeted. The Strategy Unveiled: Since the acquisition, Bhutada has diligently carved out a clear strategy for his NBFC. Unlike traditional financial institutions, the focus is not solely on one domain. Instead, the chosen segment is a hybrid of FinTech, bank, and NBFC. The array of financial products offered by Bhutada's NBFC spans pre-owned car loans, loans against property, personal loans, business loans, supply chain finance, machinery loans, medical equipment loans, and consumer finance. This diverse portfolio reflects a nu...

In the dynamic landscape of finance, understanding the nuances of risk asset acceptance criteria becomes paramount, particularly when it comes to shaping the quality of assets. Abhay Bhutada, a voice of authority in the financial realm, sheds light on the significance of these criteria in ensuring robust asset quality. Understanding Our Segment Abhay Bhutada, Poonawalla Fincorp’s MD sheds light on the importance of comprehending the specific segment within which an organization operates. Lower ticket personal loans may dominate discussions, but Bhutada underscores that their focus lies elsewhere. Operating in the top quartile of the customer segment, their clientele boasts a credit score of 700 plus, a clean repayment track record, and an average ticket size exceeding Rs 1 Lakh. The Strength of Risk Asset Acceptance Criteria The bedrock of their success lies in a robust Risk Asset Acceptance Criteria. This stringent set of parameters ensures that the borrowers in their portfolio are c...

Navigating the complexities of the finance world which demands more than just skill; a strategic mindset. In this landscape, where uncertainties loom large, leaders like Abhay Bhutada shine through. Poonawalla Fincorp, under Bhutada's guidance, has not only weathered storms but has thrived. What sets them apart? The answer lies in a foundational principle – the unwavering commitment to maintaining the quality of their assets. Let's delve into the story behind Poonawalla Fincorp's success and the significance of asset quality in this journey. Understanding Asset Quality Asset quality is essentially about the health of a company's money matters. Imagine a company's assets as its financial backbone. Understanding asset quality is like checking how sturdy and reliable that backbone is. At Poonawalla Fincorp, led by Abhay Bhutada, they make sure the loans they give out are secure and given to people who can pay them back. It's like making sure the money they lend out...

Housing finance stands as a pivotal force in the growth of Non-Banking Financial Companies (NBFCs) in India. The symbiotic relationship between housing finance and NBFCs has significantly contributed to the financial landscape's evolution, fostering economic development across the nation. Understanding the Synergy The interconnection between housing finance and NBFCs is intricate. Housing loans, a core offering of housing finance institutions, empower individuals to own homes, fostering financial inclusion. This influx of housing loans injects liquidity into the economy, driving demand for housing and, subsequently, bolstering the real estate sector. The Role of NBFCs Enter NBFCs, entities that thrive on providing diverse financial services outside traditional banking. Leveraging the influx of housing loans, NBFCs extend their services, offering tailored financial products such as mortgage loans, home improvement loans, and construction finance. This symbiosis fuels NBFCs' grow...