Finns&Marks

24/10/2022

From FnM family to your family..
A very Happy Diwali!!

26/08/2021

Banks have always loved Credit Card (CC) as a business. The reason for same is simple - Getting an interest rate of over 25% on each lending through CC.

Although the top 3 players in India constitute ~60% of the total market share of Credit Cards (HDFC Bank, SBI Card and ICICI Bank), however, when it comes to share of Credit Cards in total cards issued by these banks including Debit & Credit, it's only 6.5% which is way less compared to other nations.

Another key metric in credit cards is per card spent by a customer and as surprising it may sound, none of the private banks are leading the top 5 charts in the same. In fact, it's the Karur Vysya Bank(KVB), which leads per card spend in India having 2.17 times higher spend than industry average and more than 1.83 times of the market leader HDFC Bank.

A major reason for this can be that in terms of bigger players like HDFC or ICICI, a lot of cards become inactive resulting in 0 spends, but with PSUs, lesser number of cards issued, hence higher active card rates, so higher spends.

Here's an interesting infographic depicting top 5 banks having higher average per credit card spent and also the industry as a whole.

   

06/08/2021

Did you know that Tokyo2020 Olympics isn't the first Olympic to go through a pandemic?

⏩A century ago, the 1920 Antwerp Olympics were held only a few months after the Spanish flu ravaged the world, killing at least 50 million people.

⏩In 2010, the Vancouver Olympics were threatened by an outbreak of H1N1.

⏩In 2016, the Zika virus prompted calls to cancel the Rio Games.

That said, Covid-19 has thrown more than a few curve balls at Tokyo Olympic organizers as they had to modify, cancel or truncate a few plans that they had been preparing since 7 years!

Let's have a look at some of the unusual things that stood out in Tokyo2020(yes! it is still Tokyo2020 and not Tokyo2021)!

06/08/2021

Gross Domestic Product or well known amongst us as "GDP" is an amazing number. It incorporates each of the goods and services produced within a country within a specific period. Imagine from manufacturing a Maruti Ciaz to a child taking a coaching class, everything is captured in a single percentage metrics.

In recent times with creating so much of uncertainty, it's been the GDP numbers which the people from all over the world have been eyeing upon to know the real economic health of the nation and now on the road to recovery too, it's the GDP numbers only which would in reality show how much we have coped up from pandemic.

So in today's we demystify how this magical number of GDP is calculated and which all bodies are responsible for information collection.

Link to the article:

https://lnkd.in/dhRvjF-2

17/07/2021

A new era unleashed for India's startup ecosystem with the launch of Zomato IPO. The frenzy was well received by the investors too with the IPO getting over-subscribed by 1.11 times on day 1 itself.

Seeing the robust demand for taking a pie of Zomato, other startups have now started to pull up their socks too and make use of this bull market to go Public. The prominent ones among these which we can see entering the IPO floor in the upcoming month are Paytm and MobiKwik, both being unicorn Fintechs.

The IPOs for sure would drive our startup ecosystem to next stage and the upcoming years would be a sweet spot to be a startup with so much of support in terms of Indian public.

Here's a list of companies which could be the next mover to raise money from the Indian Populace.

01/07/2021

A glass of perfect wine sets the tone for a wonderful evening. As someone rightly said ‘What do friends and wine have in common? The older, the better.'.

Over the years, the quality of wines manufactured in India has improved drastically.

The nuance & sublimity of fine flavors, blends of rich spices for those rounded tones. The testimony of the same is growing Indian wine market at the rate of 20% - 30%.

So today, we present to you some of the best indigenous wines and what makes them so special.

Do let us know which one is your favorite.

27/06/2021

Did you know that pandas don't do much for their ecosystem, and they take away a lot of resources from other endangered plants and animals that support multitudes?

Animals like ants, and some of the insects, have far more ecosystem value than do pandas, or elephants, or wolves, or all the charismatic animals!

But we are so adamant in saving pandas...and why shouldn't we? They are so damn adorable!

They are on our clothes, have their own movies, & heck, they are on our cereals as well!

As per 2014 WWF census, there are 1864 pandas in the world and they are no more endangered but are still vulnerable.

Chinese government who owns all these pandas tried to revive the species in 2006 and seems like it worked.

Wait, what?

Well, yeah... China owns pretty much all the giant pandas in the world.

Curious?

Let us know what you think about it!

27/06/2021

In 2016, the Oxford English Dictionary’s Word of the Year was “post-truth.” - Forbes

Post-truth is defined as “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief”.

In the current (social) media landscape, truth can be deliberately manipulated, and disinformation is a growing business.

Last week, when Ronaldo put aside the two Coca-Cola bottles placed in front of him at a press conference, a slew of news articles suggested that Ronaldo’s actions were responsible for wiping $4 billion off of Coca-Cola’s market value.

It is true that Ronaldo, in front of the press, declined to drink the strategically-placed Coca-Colas on offer. It is also true that, by the time the press conference was over, Coca-Cola’s value was down $4 billion.

However, there were other factors affecting the beverage giant’s stock price!

Find out in today's , how Ronaldo wasn't responsible for the falling Coca-cola share prices at all!

Do you remember any other similar event? Let us know!

14/06/2021

What can a cigarette company, a dairy products company and a baked products company have in common?

An year ago, answer might have been “nothing”; but today, there is one commonality – Atta (or flour). Yes, you heard that right!

Atta market - an INR 20,000 crore market is becoming the new feeding ground for decade old brands..

With Amul (GCMMF) entering into the atta market last year, Parle Products Pvt. Ltd announced its entry into the segment last week, which is dominated by national players like ITC Limited(Aashirvaad atta)!

What looks like an unlikely bet for a dairy producer and a biscuit baker is actually a well thought long term relationship.

Let's have a look at today (link on comments) why do we think so.

Don't forget to let us know your views!

Anmol Gupta | Isha Garg

30/04/2021

Most of us from our childhood have been fascinated about RBI having the powers to print currency notes.

At the same time, we have always questioned its power that why can’t they keep on printing notes to solve all our problems?

More money, more growth, and hence more happiness. Isn’t it?

Well, let us see what happened to some countries who did this:
Faced with reparations from the Allies and a broken economy, the Weimar government started to print more money this led to the rampant inflation of 1922 and 1923. Money in Germany became worthless – people had to get paid twice a day because money decreased in value by the hour!

People needed wheelbarrows to carry sufficient cash to pay for goods. There are apocryphal stories of people leaving the money, but stealing the wheelbarrows.

So, yes, inflation follows money printing. But why? or rather How?

Let's find out in today's (link in comments) on how it's a boon that RBI doesn't just print more money whenever it is needed!

29/04/2021

09/04/2021

Loans, moratoriums, NPAs had been common topics in the social circles since the advent of lockdown last year.

The central government had offered a moratorium on loan repayments to borrowers, including those who had taken education loans in the first half of 2020.

However, Out of the total education loans outstanding, 366,260 accounts worth ₹8,587 crore have turned bad, as per Union Govt.

Loans extended for engineering courses led the list of NPAs in the education sector with 176,256 accounts amounting to ₹4,041.68 crore turning bad as on 31 December 2020.

Some of the reasons this could have happened:
💵1. Financial crisis due to job loss or income loss
👩‍🎓2. Deferment of education due to unstable market, job sector and education sector
📚3. Education loans are Unsecured loans, therefore, easily pushed back on property list when it comes to survival

What do you could be other reasons for this?

Can you guess which states contributed to highest NPAs in the education loan space?