Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporates and large businesses. On average PSBs have seen a growth anywhere between 7-13% since the pandemic.
Does India have a startup valuation bubble?
Many companies across sectors are being overvalued, valued on shaky metrics, and venture capitalists are more bullish than ever. But, is there a reason to it- method behind the madness, or does India have a startup valuation bubble? January 20, 2021 / 12:41 PM IST
In October 2020, a set of investors were jostling to invest in a fintech startup. The startup did not need the money. It did not even start spending the $60 million it had raised six months prior. It does not burn cash. Also, it had no plans to raise for at least a year more.. It was already valued at a steep $300 million. But, the investors - including the biggest names in technology and first-time investors in India from the US, continued jostling. The startup’s founder, somewhat reluctantly and almost bemused, agreed to raise money, but at nearly double the valuation in six months. The investors agreed.
»PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live
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PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live
PhonePe clocked 902.03 million user-initiated transactions in December which amounted to a value to Rs 182,126.88 crore. Google Pay slipped into second position, with 854.49 million customer-initiated transaction volume valued at Rs 176,199.33 crore.
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It has been a fairly long battle between digital payment apps Google Pay and PhonePe saw a new winner in December, with PhonePe taking the lead in the monthly UPI transactions. This comes after months of what has been av very close fight for supremacy between PhonePe and Google Pay, as digital payments continue to remain in focus in India. According to the latest numbers by the National Payments Corporation of India (NPCI), PhonePe clocked 902.03 million user-initiated transactions in December which amounted to a v