Category: Finance

HOW STREAMLINED CASH FLOW EXEMPLIFIES POSITIVE FINANCIAL HEALTH

Avni Porwal

Cash flow and financial management are extremely important for MSMEs, as it helps ensure that bills and employees are paid on time. This, in turn, helps the business grow. MSMEs fall into one of three categories: manufacturing, service industries, and a combination of the two. Effective management of cash flow is vital to the success of any business, and it can help you grow faster.  Cash flow management is the most imperative aspect of running a business. Studies have showcased that 60% of businesses fail because they aren’t able to…

Indian Economy Outlook in 2022

Yamini Lamba

Post pandemic the recovery worldwide has been pushing the inflation index upwards which as a consequence has raised speculations about the monetary policy stance of developed nations. Even before the pandemic happened developed nations opted for low level of interest rates and after the pandemic, there is an increased liquidity injection to stimulate the economy which has led to all-time high liquidity. Investors are turning towards developing nations like India due to low bond yields in developed nations but in the past, there have been stances where investors were quick…

Share India set to disrupt the algo-trading and fintech industry with two strategic acquisitions

Small Enterprise India

Share India Securities Limited has announced the acquisition of two companies, namely – Algowire Trading Technologies Private Limited and Utrade Solutions Private Limited. With these acquisitions, Share India Securities Limited has taken the next evolutionary step towards providing a platform for AI-driven automated trading, strategy development and execution for its retail investors, as it continues to strengthen its position as a market leader and technology innovator in the fintech industry. Share India Securities Limited has principally agreed to invest INR 15 crores to gain a majority stake in both entities.…

A Platform to Create Equity Culture among SMEs and Startups

Small Enterprise India

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 Member of the Advisory Board in their Fintech Company, Paaryal Fin tech Services Pvt. Ltd. What is the BSE SME Platform? How and why should SMEs be listed to it…

“#UdharAbhiBaakiHai” to Help Small and Medium Businesses Recover Pending Dues

Small Enterprise India

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 to help small businesses and shopkeepers tide over the financial crunch. The unorganised retail in India runs on credit. For buyers, it’s about convenience to buy whenever they want and…

Significance of Embedded Finance in Pandemic Stricken Economy

Small Enterprise India

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 solution, like payments or funds embedded into a non-financial company to offer a seamless and customised customer experience. With an increase in non-banking services around the world, embedded finance has…

Bahi Khata for Small Businesses

Small Enterprise India

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 Pokharna) used to buy groceries on credit from a nearby store, but settling it was a tedious process. The problem lied in the way it was recorded- sometimes on the…

How 2021 is Shaping the Crucial Drifts of SME Banking Industry?

Small Enterprise India

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 businesses globally. It is time to understand the opportunities which will help in running competitive, innovative, and sustainable SME banking systems. The SME Customers are expecting banks to provide intelligent…

Future of Automation in the Banking Sector

Small Enterprise India

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 interest globally in the banking industry. Banks have started deploying the latest automation techniques to deliver a wave of productivity, improvement in experiences, and cost savings. The results of this…

How can Banks Assist SMEs in these Challenging Times Post- COVID?

Small Enterprise India

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 economy to the ultimate salvage. PwC recently surveyed to understand how small businesses are coping in the United States.  It was seen that although the small and medium businesses are…

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