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  Non-banking financial companies (NBFCs) find themselves at a crossroads, grappling with the recent shift in the Reserve Bank of India 's (RBI) stance on unsecured loans. This change in regulatory dynamics has ushered in a period of introspection for industry players, necessitating a thorough reassessment of their lending strategies. For beginners venturing into the intricate world of finance, understanding how NBFCs navigate this regulatory landscape is crucial to unravel the complexities, shedding light on the challenges they face and the adaptive strategies they employ in response to the evolving financial landscape. The RBI Circular Ripples Understanding the impact of the RBI's recent circular on unsecured loans requires a closer look at the insights shared by industry experts. Poonawalla Fincorp's Managing Director, Abhay Bhutada , expresses optimism, citing an advantage in the face of challenges. Contrarily, Jairam Sridharan, at Piramal Housing Finance Ltd, identifie

When it comes to building wealth, investing your hard-earned money is a key player in the game. But here's the twist: it's not just about how much you invest; it's also about how you invest. One of the often overlooked aspects of investing is the tax implications. Smart investors know that managing taxes on investments can make a significant difference in the long run. So, let's dive into the world of tax-efficient investment strategies without any fancy introductions. Understanding the Basics: Taxes and Investments Before we jump into the strategies, let's clarify why taxes matter in the investment landscape. When you buy and sell investments, you can incur taxes in different ways. Two common types are capital gains tax and dividend tax. Capital gains tax applies when you sell an investment for a profit, and dividend tax is applicable to the income you receive from your investments. Understanding these is the first step in crafting a tax-efficient strategy. Also Re

Cultivating a strong relationship with customers is akin to laying the foundation for sustainable business growth. No longer relegated to mere statistical entries, customers are now treated as unique entities by lenders keen on delivering personalized services. As a beginner investor navigating this financial landscape, it's essential to grasp simple yet powerful strategies that can boost customer engagement and foster lasting connections. Understanding The Customer Landscape Before delving into strategies, let's recognize the evolving dynamics of customer engagement. In this age of information, borrowers seek more than just financial transactions; they desire a seamless and personalized experience. Acknowledging this shift, lenders are increasingly adopting strategies that resonate with the individuality of each customer, moving beyond the conventional transactional approach. Also Read: What Is The Future Of The BFSI Sector In India? Crafting Tailored Communication Digital len

  Even though these days technology is everywhere, there's a group of people who don't have access to traditional banks - they're called the unbanked. But things are looking up! Digital platforms, like apps and online services, are changing how we handle money. Now, these platforms are reaching out to include more people who didn't have access to banking before. It's like a positive change, making it easier for everyone to manage their money using technology. The Unbanked Conundrum For millions of people in India and around the world, having access to banking services seems like a far-off dream. Without even the most basic financial tools, they find themselves navigating in a cash-centric economy. Without a bank account, even simple things like saving money or getting paid become challenging. The remedy to this issue? Digital platforms. Former governor of RBI, Raghuram Rajan also advocates for leveraging digital solutions to bridge this financial gap. Also Read: Th

  Navigating the labyrinth of personal finance can be daunting for anyone, especially for beginners dipping their toes into the intricate world of investments. In this financial maze, Non-Banking Financial Companies (NBFCs) emerge as unsung heroes, offering tailored solutions that cater to the individual needs of novice investors. Let's unravel the essence of NBFCs and how they provide a breath of fresh air in the financial landscape. Understanding The ABCs Of NBFCs Before we plunge into the specifics, let's break down the basics. NBFCs, the financial wizards without a banking license, play a pivotal role in providing financial services to individuals and businesses. Think of them as the mavericks of the financial world, crafting solutions beyond the conventional banking realm. Also Read: What Is The Effect Of Digitalization On NBFCs Demystifying The Tailored Approach Unlike traditional banks that often adopt a one-size-fits-all approach, NBFCs have mastered the art of customiz