NBFC

Heard from a few employees in Jar that they are reducing their headcount silently and asking employees to move out. They recently lost their biggest NBFC partner Appollo, is Jar facing financial issues?

Have been a part of the VC ecosystem for a while now, and have been a first hand observer of how Stride Ventures has been operating (vis a vis other Venture Debt players that have been around for ~15 years+).

Typical playbook:

1. ...

I got some friends at Jar and got to know in their lending business their only nbfc partner has backed out and for sure they are gonna cut cost, got my other friends offer revoked in tech, product managers are leaving and now even the fu...

I went to a tarot card reader and asked if I would make it to any of the Consulting firms during my SIPs in a B School and they said Yes.

Lol I made it to a Conglomerate's NBFC.

I want to know the growth trajectory I should follow in the Finserv (NBFC) area as I would be joining Aditya Birla Capital as a Generalist.

When is the ideal time to switch jobs here and what are the growth opportunities here?

• Groww Creditserv, Groww's NBFC, expanded its loan book to Rs 965 crore ($115 million) by June 2024, up from Rs 731 crore ($87 million) in March 2024.
• Personal loans make up 98% of the loan book, with the remaining 2% being consumer l...

• Vivek Bansal, InCred CFO, and Sunil Daga, Kotak President, are launching Saarathi Finance, an MSME-focused NBFC.
• Both are serving notice periods and seeking Rs 600 crore in equity funding for the venture.
• Saarathi Finance, register...

Hi Friends,

We are three founders launched android app for personal loan last month.

To start we have tied up with a small listed NBFC for a 2cr program we have disbursed 40L started 1-Aug-24. 2cr is the max limit from this Lender.

W...

We all are in this together, this too shall pass!

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• The Reserve Bank of India (RBI) has issued amended guidelines for Peer-to-Peer (P2P) lending platforms, aiming to enhance transparency and curb irregular practices.
• The new rules prohibit NBFC-P2P entities from assuming credit risk, ...