Bankbazaar

Personal finance 101 from an industry veteran

The Bee, the Beetle and the Money Bug is a welcome addition to the rather sparse list of books that attempt to equip readers with the fundamentals of financial planning

Special FD rates, while attractive, lose the medium to long-term race

While you may begin allocating to them, keep some powder dry as rates could rise further

BankBazaar to turn profitable in FY23; to go for IPO by next calendar: CEO

BankBazaar.com, which eyes to become the most profitable co-branded credit card platform, expects to turn profitable this fiscal and plans to file for an IPO by the end of next year, founder and CEO Adhil Shetty said. The company which started off as a loan comparing platform in 2008 is now majorly into co-branded credit card space, issuing two such cards in association with Yes Bank and RBL Bank. In the second quarter of FY23, the company registered 85 per cent year-on-year growth in its top line, clocking a revenue of Rs 170 crore. Company's credit card sales were up by 115 per cent in Q2. "We are happy that we are growing profitably and we have delivered 85 per cent year-on-year top line growth in Q2FY23. We had annualised revenue of Rs 170 crore (up by 85 per cent from a year ago) in Q2 and in August and September, both the months, we were EBITDA positive. "So we are projecting that whatever we have delivered in Q2, that will continue and that's the kind of growth we would like

Scrutinise your no-cost EMI offers for hidden charges, say experts

There could also be a third scenario where the interest cost is added to the product price and then the higher price is converted into EMIs

Ladder your fixed deposits to avoid the risk of reinvestment: Experts

Debt fund investors should keep the bulk of their investments in shorter-duration funds, 10-20% in longer-duration ones

Plan your prepayments, switch to tackle rise in home loan rates

New borrowers must avoid over-leveraging; prepare to cough up more as down payment

New-to-credit customer? Opt for a secured credit card, say experts

BNPL, small-ticket consumer loans are other options to build credit history

BankBazaar expands employee stock pool, adds shares worth $15 million

BankBazaar.com has said it has expanded its employee stock ownership plan (ESOP), adding shares worth USD 15 million (about Rs 109 crore) to the pool.

How prepaid cards ensure that you don't go overboard on your expenses

They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money

'Pay when you stay', 'EMI waiver': LICHF's plan offers relief to borrowers

But you need to stay for the entire period of the loan to get this benefit

Still paying high interest on loans? Compare, choose best offer, switch!

Bargain with your current home loan lender first before deciding to shift to a new player

BankBazaar appoints former RBI Deputy Governor S S Mundra as advisor

Online financial services marketplace BankBazaar Monday said former RBI Deputy Governor (DG) S S Mundra has been appointed as an advisor to the company. In a statement BankBazaar said Mundra's expertise will help in driving 100 per cent paperless and presence-less financing by the company in India. BankBazaar Co-Founder & CEO Adhil Shetty said as digital mode is increasingly becoming the preferred way to transact, there is a greater need for collaboration between fin-tech, regulators, and financial institutions. "This will ensure easy and frictionless access of financial products and services to all sections of the society," Shetty said. Mundra said the road to greater financial inclusion is through technology and innovation, and BankBazaar has taken giant strides in simplifying the access to personal finance in India. "I look forward to working with BankBazaar as an advisor in their journey to bring access to the right financial products to all Indians and will be happy to share

BankBazaar raises $30 million in Series D funding led by Experian

BankBazaar help their consumers to get right access to financial product paperless