Innovative personal finance products demo prep

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India: Overview

Overall economy

Household credit

Household credit

Household leverage

Household financial leverage

Demographic dividend

Education

Personal income

Ideas

Investing abroad

Loans

Trends

Aspirational society (society turning aspirational)

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Lack of public education

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Expensive weddings

Gold

Microfinance

Peer-to-peer banking

Kitty parties

Islamic banking

Ideas

Education loans

  • Tie up with educational institutions INCLUDING primary schools

Wedding loans

Streamlining microfinance

Loans based on gold

Insurance

Trends

Aspirational society

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No medical coverage

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Increasing savings rate

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Ideas

Insurance as a saving vehicle

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Credit

Trends

Increasing savings rate

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Increasing purchasing power

Rural demand for credit

Remittances

COD (???)

Growth in retail

Mobile phone and technology penetration

Ideas

Debit cards

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Mobile ATM

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Credit cards linked to US accounts

  • Credit cards in India based on credit-rating of NRI

COD for online shopping (???)

Retail store cards

Mobile phone credit cards