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Money01:06:29
Figuring Out · FO272
FO272Money · 2024-10-29 · 01:06:29 · Shot in Mumbai
Y S Prabhu Kumar
Reality Of Banks, Credit Cards, Loans & Business Finance In India - Wegofin
Money01:06:29247K
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01:06:29
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About this episode
In today’s episode of Figuring Out, we have Y.S. Prabhu Kumar in conversation with Raj Shamani. He is the Founder and CEO of Wegofin. He shared his in-depth insights into the banking reality of India and everything around it.
Chapters · tap to jump in
0:00Introduction↗02:53Differences between modern and traditional banks↗04:06What are new-age banks?↗06:53Challenges with cooperative banks↗10:45Understanding modern banks↗12:00Why do different banks offer different credit limits?↗18:58How credit cards can be problematic↗23:30Banks' pressure can result in extreme consequences↗24:19Is credit beneficial for economic growth?↗25:16Ideal checklist for banks when giving loans↗27:43Issues with unsecured lending↗29:20The cost of capital for businesses↗34:46Why people are investing in India↗35:24Common mistakes businesses make with capital↗43:45Why the loan system isn’t customer-centric↗45:40Who should consider using Wegofin?↗48:13The origin story of Wegofin↗49:20Challenges of partnering with banks↗51:50Potential risks and issues↗55:24Why customers frequently change bank accounts↗57:25Why most investors fail in the stock market↗1:05:05End of the Podcast↗1:05:29Outro↗
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Figuring Out · FO272Y S Prabhu Kumar
Reality Of Banks, Credit Cards, Loans & Business Finance In India - Wegofin
In this episode
In today’s episode of Figuring Out, we have Y.S. Prabhu Kumar in conversation with Raj Shamani. He is the Founder and CEO of Wegofin. He shared his in-depth insights into the banking reality of India and everything around it.
Chapters
- 0:00Introduction
- 02:53Differences between modern and traditional banks
- 04:06What are new-age banks?
- 06:53Challenges with cooperative banks
- 10:45Understanding modern banks
- 12:00Why do different banks offer different credit limits?
- 18:58How credit cards can be problematic
- 23:30Banks' pressure can result in extreme consequences
- 24:19Is credit beneficial for economic growth?
- 25:16Ideal checklist for banks when giving loans
- 27:43Issues with unsecured lending
- 29:20The cost of capital for businesses
- 34:46Why people are investing in India
- 35:24Common mistakes businesses make with capital
- 43:45Why the loan system isn’t customer-centric
- 45:40Who should consider using Wegofin?
- 48:13The origin story of Wegofin
- 49:20Challenges of partnering with banks
- 51:50Potential risks and issues
- 55:24Why customers frequently change bank accounts
- 57:25Why most investors fail in the stock market
- 1:05:05End of the Podcast
RAJ SHAMANI
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