Author
The author is CEO & Co-founder, Bankbazaar.com
On your credit card account, you have a spending limit. If you’ve been hitting the spending limit frequently, it can have a high impact on your credit score
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A paperless digital bridge with the expected changes in mandates and regulatory frameworks, could very soon remove physical interaction with banks altogether
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We hope for a separate exemption limit for insurance premiums
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BankBazaar’s mission is to help you find the right financial product, and deliver it to you paperlessly on your mobile phone in five minutes. In 2017, we got closer to paperless access to finance, with support from our financial institution partners, the regulators including RBI, IRDA, and SEBI, and of course the push from Government of India. At the #ChampionsOfChange event organized by NITI Aayog, I got an incredible opportunity to have a sit down dinner with the Prime Minister of India and to ask for support for PaperLess, PresenceLess and CashLess access to financial products to leapfrog India’s productivity.
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The government unveiled a plan to support existing incubators and set up 35 new ones. We hope that this scheme does not remain on paper but is reflected in the budget in the form of both budgetary allocations as well as a detailed implementation roadmap.
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