The year that was: A challenging 2024 for lending but set for a stronger, resilient future

Naveen Kukreja, Co-founder & CEO, shares his perspective on the long-term growth prospects of the lending industry with Times of India on Dec 24, 2024   As 2024 draws to a close, it is an opportune time to reflect on the year gone by for the lending industry – a year marked by a significant period of consolidation for the...

As Digital India gets stronger, credit ecosystem to get major impetus

Naveen Kukreja, Co-Founder & CEO, pens his thoughts on RBI's initiatives with Times of India (October 29, 2024) With the launch of ULI (Unified Lending Interface), the RBI has taken another defining step towards strengthening our already gold-class Digital Public Infrastructure, which is steadily bringing inclusiveness of formal credit. The new platform aims to build frictionless credit processes for credit-starved...

Never use borrowed money to invest in stocks

Naveen Kukreja, Co-Founder & CEO, shares his experience with The Economic Times on how he overcame a financial crisis and the lessons learnt from it  (September 2, 2024) Mistake: A big mistake that I made was very early on in my career when I was in the UK. That was the time when I started investing in global stocks. I was very...

Digitisation Push to Lending

  Over the past five to seven years, the digital-payments sector has grown stupendously, transcending economic and geographical barriers. Naveen Kukreja, co-founder  and chief executive officer of Paisabazaar, a digital lending platform, talks about five drivers of growth in the lending in the country. Digitisation: After the pandemic, there have been accelerated efforts by the industry to build digital capabilities. Thanks...

“Think long-term and retain key resources”

What was the problem you were grappling with? In April 2020, the country went into lockdown due to the Covid-19 pandemic, halting the lending industry and causing our revenues to drop by 90% in a month. We went through an existential crisis, unsure if we would recover and survive. We had to cut costs to stay afloat, which meant losing...

Digitisation and partnerships to drive credit growth beyond 2024

India today stands tall as one of the most dynamic markets globally with a strong economy, a young population, and a gold-standard digital infrastructure. The last few years have been an exciting time for India’s financial services, which have become a case-study for the world to emulate. I strongly believe that lending will help drive growth in the next five...