Bankbazaar.com

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

Public good enablers to drive India's digital revolution: BankBazaar CEO

Public good enablers like digilocker, account aggregator system and video e-KYC will drive India's next digital revolution as the country sits on a mammoth volume of 50 billion digital transactions, according to BankBazaar.com founder CEO Adhil Shetty. Finance minister Nirmala Sitharaman recently spoke about the digital revolution in India and that the country has reached 50 billion digital transactions in 2022. This is three times of what it is in the US and UK, and this is built on the digital public good platforms such as UPI, RuPay and Aadhaar across the digital payment revolution, Shetty said in an interaction. "The point BankBazaar wants to make is there is another revolution happening and the world will recognise it in one or two years from now. And that's going to be the next digital revolution which will be driven by Gen 2 digital public good. The Gen 2 digital public good are digilocker, account aggregator, and video eKYC etc," Shetty said. Stating the numbers, he said th

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

Defer, reschedule or switch loan if EMIs have increased: Experts

Here are four ways to deal with a rising EMI burden, all of which will, however, require hard negotiations with the lender

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.com plans expansion, to go global with Australian foray

The company is eyeing a 100 per cent growth in its revenues in the current fiscal

BankBazaar.com eyes expansion, invests Rs 5 cr in Malaysian market

BankBazaar appointed former Visa employee Vipin Kalra to lead the business growth internationally

BankBazaar riding on India Stack to achieve faster profitability

Online marketplace for financial services BankBazaar is riding on the back of India Stack, the country's cashless and paperless technology platform, to woo consumers to buy financial products such as mutual funds and fixed deposits directly on their mobile phones.BankBazaar is investing into e-KYC, e-Sign and will soon integrate its service with the upcoming Digi-Locker facility, allowing it to reduce the time it takes to process a new financial service from four to six days to just three minutes.The company is also simultaneously working on integrating with core banking and insurance systems, while educating banks to begin using the new paperless norms."Banks say for the past 30 years a contract had to be physically signed, but we are now telling them a contract will be e-signed. They have never done it before," said Adhil Shetty, CEO at BankBazaar. "So the challenge we face is building technology bank by bank and product by product, and then telling them that there are 18 million ...

BankBazaar.com launches multi-brand paperless platform for instant loans

Currently, the service is available for personal loans and car loans

BankBazaar.com: The value of money

If your father is the first person to give you investment advice, he's also the best person to do so, claims a new ad by BankBazaar.com