With 26 years of experience in the Capital Market as India’s biggest Custodian to India’s biggest and largest Stock Exchange, Mr. Ajay Thakur plays a key role in setting up the SME and Startup Platform. He is the Executive Committee Member of Indian Merchant Chamber, Member of Advisory Committee of GLA University and associated with Nanubhai Desai & Co, as…
As India is coming out of the devastating second wave of the Covid-19 pandemic and as businesses look to safely re-open in most parts of the country, OkCredit has launched the #UdharAbhiBaakiHai digital campaign to help small and medium businesses recover from a severe cash crunch. This digital campaign urges/encourages customers, both big and small, to clear their pending dues…
The banking and financial services for many Indians have shifted to digital post-pandemic. As per the leading company Forrester, even before the pandemic, 59% of the Indians were open to accepting a digital-only bank. This trend has become more widespread after Covid and financial services are now moving towards a digital platform. What is embedded finance? It is a financial…
We have conducted a candid interview with Mr. Harsh Pokharna, founder – OKCredit, who digitized the Bahi Khata of Small Businesses. Read on how their journey became the source of strength and inspiration. 1. What inspired you to launch OkCredit? The idea to build OkCredit came from our personal experience. We (the co-founders – Aditya Prasad, Gaurav Kumar, and Harsh…
In the coming years, banks will need to continuously improve their technology to match the needs of the markets. In the future, SME banking will be the biggest trend in the financial markets. Some of the biggest matters relating to SME business operations include the opportunity to run sustainable units. These sustainable banking trends are being designed to serve smaller…
As the automation wave has increased in the banking sector, its capacity has increased and now the employees have more time to focus on bigger value projects. This opportunity should be captured by the banks to take a strategic approach rather than a tactical approach. Automation in the banking industry has been a big focus and an area of huge…
With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy. This is the long-term outlook to improve the bank’s crisis response. All the global banks including the community banks are struggling with their future strategy. This strategy is focused on supporting the small businesses during the crisis and taking the…
Indian financial system has traditionally not been a level playing field between large enterprises versus small businesses. The MSMEs have had a raw deal on financing in India. This is because, by their very name, Micro, Small and Medium Enterprises (MSMEs) are generally small. So will the big firms keep getting bigger, to the point of “too big to fail”? Is…
Every business, small and big, should have a profit plan in order to drive the business towards success. Such a plan is even more crucial for new small businesses because it will help them stay on track and not fail midway. When you plan for profit, it helps you understand the various factors that contribute to your success. It will…
For many decades, Indian MSMEs have implemented their business transactions in a traditional manner. This has extended to all avenues of their business, whether it be marketing, daily operations or using cash as the mode of financial transactions, including receiving payments from their clients and paying their suppliers and buyers. Cash has not only been the favoured medium of transaction,…