Banking, Finance, Insurance Archives - Page 3 of 3 - MediaCatalyst : News - Opinion

04 Feb

TRUSTMF Banking & PSU Debt Fund NFO Raises Rs. 582.68 Crore

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsTRUST Mutual Fund, TRUSTMF Banking & PSU Debt Fund

TRUST Mutual Fund’s maiden new fund offer (NFO) - TRUSTMF Banking & PSU Debt Fund has successfully raised Rs. 582.68 Crore. This is one of the recent NFOs with an extremely positive response. The first day AUM after the closure of NFO is Rs. 580.24 Crore. The NFO proceeds have been garnered from over 500 investors spread across 44 locations# through both digital & offline modes. The NFO has seen wide participation from both Institutional, Corporate, Family Offices, HNI, and Retail Investors, which is an indication of the faith posed by them in a well- structured & transparent investment process…

11 Jan

Managing Unplanned Expenses with an Instant Loan App

MediaCatalyst0 CommentsBanking, Finance, Insurance, ColumnInstant Loan App

In a rapidly evolving economy, expenditure patterns also evolve rapidly. Especially in today’s age, one that is increasingly dominated by millennial professionals. With the tremendous rise in the corporate culture (and rising costs of living) in all the metropolitans, unplanned and contingent expenses are off the roof. More than any time before, people want that dream vacation or the dream car or that spontaneous shopping plan or road trip. Millennials have been characteristized with that go-getter attitude - they need it all, sometimes without even having the saved up money for it. The need for money for unplanned expenses saw…

18 Dec

Razorpay Announces Plans to Achieve $50 Billion TPV by 2021

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsRazorpay

New Delhi, Dec. 18, 2020: Razorpay today announced its plans to achieve $50 Billion TPV (Total Payment Volume) by the end of 2021 and further solidify its position as one of the largest full-stack fintech company in the country. The company launched a string of products, aimed at empowering the next phase of digital growth for Small Businesses in India. These products were launched today at the Third edition of FTX, its flagship fintech conference that brought together 50+ thought-provoking speakers and was virtually attended by 10,000+ fintech enthusiasts from across the globe. With most of the country slowly reeling…

19 Nov

Access to Formal Credit Still Not Available to Students in India: CEO, mPokket

MediaCatalyst0 CommentsBanking, Finance, Insurance, InterviewGaurav Jalan, mPokket

As a student or young professional, almost everyone has sought peer-to-peer financial help, particularly in India wherein formal credit to students does not exist till date. Mr. Gaurav Jalan saw this as an opportunity with great growth potential and went ahead to establish mPokket to address this credit gap for students and working professionals. Mr. Jalan talks to MediaCatalyst about mPokket's journey and business model. Here are the excerpts from the interaction with Mr. Jalan, CEO and founder, mPokket. What's the inspiration behind mPokket? Tell us a bit about mPokket's journey. mPokket was created to help those excluded from the…

21 Aug

Leveraging Technology to Become Agile in the Face of FDIC 370 Mandate

MediaCatalystBanking, Finance, Insurance, ColumnBirlasoft, FDIC 370 Mandate, Federal Deposit Insurance Corporation, Sanjay Bajaj

Author: Sanjay Bajaj, Senior Vice President, BFSI, Birlasoft The FDIC 370 mandate calls for massive transformation in banks' governance and data collation capabilities. With a stringent deadline in place, digital intervention is essential to help banks meet compliance standards. At Birlasoft, we believe that a flexible reporting solution holds the key. The recent spate of regulatory changes announced by the Federal Deposit Insurance Corporation (FDIC) calls for a large-scale transformation in banking processes. Last year, the FDIC introduced Part 370 of its rules and regulations for "Recordkeeping for Timely Deposit Insurance Determination." Specifically, it brings large banks under the ambit…