7 Financial Tips For Young Adults

  The year 2025 heralds a pivotal juncture for financial institutions worldwide. As the landscape continues to evolve, the significance of fortifying asset quality stands as a cornerstone for sustained success. Drawing upon the wisdom of industry leaders such as ICRA Ratings and Abhay Bhutada , Managing Director of Poonawalla, this comprehensive guide delves into the strategies and insights imperative for mastering asset quality in the years ahead. Trends and Perspectives Recent surveys paint an encouraging picture, with a substantial majority of banks reporting a decline in Non-Performing Assets (NPAs) over the past six months. This downward trend underscores the concerted efforts within the financial sector to confront asset quality challenges head-on. Notably, both Public Sector Banks (PSBs) and private sector banks have contributed to this positive trajectory. However, sectors such as food processing, textiles, and infrastructure continue to grapple with elevated NPAs, indicati...

  Poonawalla Fincorp, under the adept leadership of Managing Director Abhay Bhutada, has set new benchmarks in the financial landscape with its remarkable performance in the financial year 2024. Let's delve into the highlights of this extraordinary journey and understand how Abhay Bhutada steered the company towards unprecedented growth. Record-breaking Growth In the fourth quarter of FY24, Poonawalla Fincorp witnessed a meteoric rise in its assets under management (AUM), which surged by a staggering 54 per cent to reach Rs 24,800 crore. This impressive year-on-year jump was complemented by robust disbursements, reflecting the company's unwavering commitment to excellence and innovation. Also Read: From Abhay Bhutada to Nirmal Jain — India’s Top Chartered Accountants Stellar Performance The sequential expansion of AUM by nearly 13 per cent from the previous quarter further underscores Poonawalla Fincorp's relentless pursuit of excellence. Total disbursements during the repo...

  In today’s bustling financial landscape, Non-Banking Financial Companies (NBFCs) face many challenges. With competition soaring and markets saturated, NBFCS must adopt innovative strategies to stay ahead of the game. From embracing technology to fostering customer-centric approaches, here’s a comprehensive guide on how NBFCs can thrive in this dynamic environment. Embracing Technology: Revolutionizing Operations In the digital era, technology isn’t just an option; it’s a necessity. NBFCs must leverage technology to streamline operations, enhance efficiency, and deliver superior customer experiences. By integrating digital onboarding processes, NBFCs can simplify procedures and reduce turnaround times. Moreover, data analytics plays a pivotal role in risk assessment, enabling NBFCs to make informed lending decisions. Also Read: From Abhay Bhutada to Nirmal Jain — India’s Top Chartered Accountants According to Abhay Bhutada, MD of Poonawalla Fincorp, technology is instrumental in ...