Digital Financial News

Instant loan apps have changed the way people get loans. They have made it far quicker and easier. Digital loans refer to financial credit that is applied for, processed, approved, and disbursed entirely through online platforms or mobile apps without the need for physical paperwork or in-person interactions. Amid wide ranging concerns about digital lending, an industry body has said its 37 member entities witnessed a 49 per cent surge in disbursements at Rs 1.46 lakh crore in financial year 2023-24. According to Fintech Association for Consumer Empowerment (FACE), the number of loans disbursed grew by 35 per cent to over 10 crore borrowings in FY24.

changing customer preferences.Anyone connected to modern living knows that Indians use their smartphones and mobile devices to search for their needs. Now, most of these journeys begin with a simple Google search, whether they’re searching for mundane household items or researching information for important life decisions - like finding life insurance plans.In 2024, understanding customers' wants is no longer a luxury but a necessity. Some Indian Insurtech companies are already leading the charge by integrating customer preferences smartly into their digital marketing strategies.To better understand this evolving landscape of life insurance and consumer preferences, we dive into the insights revealed by Techmagnate, a leading digital marketing agency, in their search trends report.The Life Insurance Search Trends Report from Techmagnate provides insightful data about the life insurance industry, from the most searched keywords to the top brands, ultimately revealing what this data says about the people looking for the products on offer.Embracing digital processes in the insurance sector has transformed the entire industry.

search trends in the personal loan market.A report by Techmagnate,a leading digital marketing agency in India, analyzed search trends for the personal loan industry based on their volumes, types of queries, and even their market shares.By delving into the data and insights from recent search trends, financial institutions can strategically amplify their digital marketing efforts to capture a growing audience whose needs have not been fully catered to yet.Techmagnate’s comprehensive analysis of over 18,000 keywords reveals that the overall Personal Loans industry in India witnessed significant growth in search volume, with a substantial 25.73% increase from 51.64L searches in FY’22 to 64.92L searches in FY’23.Data from the Reserve Bank of India (RBI) shows that personal loans have grown by 30.8% in August 2023 as compared to the previous year. While the RBI is cautioning banks and lending institutions to put stringent checks in place for loan disbursals, the data on hand corroborates with what people are searching for.Additionally, the total credit to borrowers was INR 47.7 trillion in Aug’23, which is up from INR 36.7 trillion just a little over a year ago.While the data from Techmagnate’s search trends report takes a look at the Top 20 brands by search volumes (SV) in India, we’re taking a closer look at the Top 5 in this article.There’s no surprise that the heavy hitters of the Indian market - i.e.

Nirmala Sitharaman who presented the Union Budget recently asserted that she can make savings easier for those residing in rural areas through rate rationalisation.

ITC Ltd is going to invest Rs 20,000 crore in the medium term across businesses, chairman and managing director Sanjiv Puri told shareholders on Friday.

Cyient shares plunged 9% to Rs 1724 in Friday's trade after the company posted a drop in June-quarter profit due to delays in project execution. The company reported a 23.8% sequential drop in its first-quarter net profit at Rs 144 crore. On a year-on-year (YoY) basis, the profit for the Hyderabad-based firm declined 18.6%.

quarter was Rs 2,660 crore, marking a 22% increase over Rs 2,178 crore reported in the corresponding quarter of the previous financial year. The assets under management for the April-June 2024 quarter were Rs 17,773 crore.

Bhavish Aggarwal on Thursday teased an image that seems to be the battery pack of the company's upcoming electric motorcycle.

Shiba Inu’s price has recently experienced a significant downturn, dropping 6% amidst a trading volume of $267.39 million. Currently priced at $0.00001667, the cryptocurrency is seeing a slight recovery, up 2.65% in the last 24 hours.

IndiGo, IndusInd Bank, DLF, Tech Mahindra, Mankind Pharma, RBL Bank among others will be in focus due to news developments and first quarter earnings. IndiGo, IndusInd Bank, Cipla, Power Grid Shares of IndiGo, IndusInd Bank, Cipla and Power Grid will be in focus as the companies will announce their first quarter results today.

HT has seen a copy of the bill which the government has shared with stakeholders. It attempts to address the ambiguity created by the first draft (released for public consultation in November 2023) on this aspect by defining “professional"—a person engaged in an occupation or vocation—and “systematic activity" as “any structured or organized activity that involves an element of planning, method, continuity or persistence".

India needs to continuously encourage homegrown technologies and reduce its dependence on foreign companies to prevent being affected by incidents like the recent Windows outage, Raju Vegesna, chairman and managing director of Sify Technologies, told ET.

ITV’s reality show The Fortune Hotel, which debuted in May, has been officially renewed for a second season. The show, inspired by the format of The Traitors, has captivated audiences with its blend of strategy, suspense, and luxury. The renewed season will continue to feature contestants navigating a high-stakes game set in a lavish Caribbean resort.

Marathon Digital (MARA) bought more bitcoin.

Go Digit General Insurance reported a 73% jump in net profit to Rs 101 crore for the quarter ending June 30, compared to Rs 58.4 crore last year.

Reid Hoffman. An old interview with the entrepreneur is going viral on social media. In the clip, Hoffman says he believes that 9-5 jobs will become a relic of the past by 2034!

Ever since Bitcoin reached a new all-time high back in March 2024, digital assets have been on top of the minds of investors around the globe. However, while the historical track record of this novel asset class is undoubtedly highly impressive, millions of investors are still wary of getting involved due to the new technologies that are at play.

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Basalt features a distinctive design with a roofline that extends seamlessly to the trunk, emphasized fender flares, and plastic cladding. It shares headlamps with the C3 Aircross but sports a more robust front bumper and a redesigned rear with new tail lights and a faux skid plate.

Ether, the second-largest token, paced a drop in digital assets following a slump in equities that spread unease in global markets.