As central banks pause interest rate hikes, Singhania predicts an uptick in credit demand, adding that he feels the balance sheet of banks and their asset qualities are phenomenal
Most long-only funds outperform Nifty50 in May financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India’s growth story is well-known among foreign investors, and the focus has now shifted to valuations and identifying potential investment opportunities beyond the NIFTY50, says Sunil Singhania.
In the ongoing scenario of tightening monetary policy, a spate of hiring and firing in the IT sector, and the global headwinds of high input costs, there are certain sectors that are likely to perform well. Sunil Singhania, founder, Abakkus Asset Manager, LLP gives his reason why he places his preferences on these dynamic sectors among others
Bangalore (Karnataka) [India], May 3 (ANI/NewsVoir): BankSathi, India's largest Agent Based financial products distribution platform, closed FY23 with a net revenue of Rs 60 crore, marking a 120 per cent growth over FY22. The company's exceptional growth was fuelled by a 300 per cent surge in credit card distribution, and the support of leading banks, non-bank financial companies, and a network of 1.5 million financial advisors. With the help of the largest pan India agent network, BankSathi has built a Rs 100 Cr ARR business, enabling Advisors to manage sell Right Financial Products to end consumers using our technology and recommendation-based algorithms. BankSathi's impressive achievements include 2.5 million leads, 65K Demat accounts, disbursement of 200 crores in loans, 135K savings accounts, and 153K credit cards in FY23. These accomplishments have led to BankSathi ranking 3rd as PAN India's largest credit card distributor. BankSathi reaches annualized rate of 3 l