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For a fintech, the regulator is its most important stakeholder, says Navi founder Sachin Bansal

Speaking at the Startup Mahakumbhi, Sachin Bansal said that fintechs should prioritise regulation, even if it is detrimental to the interests of its consumers.

Was extremely unhappy after Flipkart exit; Paytm's Vijay calls me the unhappiest billionaire: Sachin Bansal

Bansal admitted that his exit from Flipkart in 2018, following the company’s $16 billion acquisition by Walmart, was neither anticipated nor desired.

We can use more capital, plan to go public in FY26: Sachin Bansal on Navi IPO

This marks a renewed push for Navi’s IPO ambitions after its previous attempt in 2022, when it filed a draft red herring prospectus (DRHP) with SEBI for a Rs 3,350 crore public issue but later withdrew due to market conditions.

Future of UPI is credit-driven, not debit-driven, says Navi founder Sachin Bansal

According to Bansal, Rupay credit cards now account for 60% of all credit card spends in India, with 90% of those transactions happening on UPI.

Top-level rejig at Navi: Sachin Bansal to be executive chairman, appoints new CEOs

Rajiv Naresh will be the CEO of Navi Technologies while Abhishek Dwivedi will be CEO of Navi Finserv Limited

How Sachin Bansal's Navi Finserv reversed RBI lending ban in quick time

Navi’s move to reduce the peak interest rates could also mean that it will naturally reduce its exposure to customers with higher risk profiles and is likely to help the company reduce its NPA during FY 25

RBI removes restrictions on Sachin Bansal's Navi Finserv

RBI said it removed the curbs amid 'the company’s commitment to ensure adherence to the regulatory guidelines on an ongoing basis'

Navi failed to keep its promises to RBI, forcing regulatory action

RBI has said remedial actions will see the restrictions lifted, but it remains to be seen how soon this can be done. The companies need to fix multiple issues

Sachin Bansal's Navi Finserv posts mixed FY24 results amid big gains from subsidiary sale

Navi doubled its consolidated profit to Rs 545 crore in FY24, largely driven by the sale of CIFCPL to Svatantra Microfin Private Ltd in November, which generated a post-tax gain of Rs 429 crore

Navi Finserv names ex-RBI Executive Director Anil Kumar Misra as non-exec chairman

Sachin Bansal will continue as its CEO, the non-banking financial services company said in a press release.

Sachin Bansal’s Navi doubles UPI transactions in July, posts 22x growth in 4 months

While the rewards seem to be coming down, Navi has managed to post blistering growth and is set to be the fifth-largest UPI app if it keeps the momentum going

Sachin Bansal’s Navi Finserv raises $38 million from JP Morgan in securitisation deal

This is one of the first such securitisation deals JP Morgan has done with an NBFC in the country with a pass-through certificate transaction in the personal loans space

Sachin Bansal’s Navi UPI grows 10X in two months

Navi started offering rewards and cashbacks for unified payments interface (UPI) users on its platform in April. While this has succeeded, now the company has a bigger challenge of maintaining the momentum

Sachin Bansal sells remaining 7.5% stake in Ather Energy

This news comes after Hero MotoCorp on June 6 said it will acquire an additional 2.2 percent stake in Ather Energy for Rs 124 crore.

Sachin Bansal's Navi starts offering cashbacks for UPI payments as it looks to expand financial services

Navi's market share is a drop in the ocean compared to market leader PhonePe's 50%. Incidentally, Flipkart, which was cofounded by Bansal, and from which PhonePe was spun off in 2020, waded into the UPI business last month

MC Exclusive: Navi open to external investment for acquisitions, cash cushion for uncertain times: Sachin Bansal

Bansal says Navi is preparing for an IPO in 24 months. The previous attempt was abandoned due to market volatility arising due to macro conditions

GenAI improving high-technology access for more people and companies: Flipkart and Navi founder Sachin Bansal

While anyone could use AI models and get decent results, Bansal feels that only technology experts could get excellent results out of the LLM models

Navi founder Sachin Bansal on using AI in business: 'Giving decent results'

The Navi founder said that his company had started to use AI in a few areas and admitted that the implementation of the technology had yielded decent results

Flipkart and Navi founder Sachin Bansal says he works 80 to 100 hours a week

After building Flipkart, Sachin Bansal is now devoting his full attention to his fintech startup Navi. In an interview with Moneycontrol, Bansal said he is putting in 80 to 100 hours a week into building the company.

Premium for good governance will be very high, many took it for granted: Sachin Bansal

According to Bansal, governance has to be put in place deliberately and should not be just because you happen to work with founders who are doing the right thing themselves. He added that it should not taken for granted

Parked banking dreams for now; focus is on stabilising lending business: Navi founder Sachin Bansal

In a freewheeling interview with Moneycontrol, the Flipkart founder said the recent actions by the RBI on fintechs is a sign that the ecosystem is maturing, with the regulator’s understanding becoming deeper.

Sachin Bansal's Navi to hire up to 100 people in tech team this year

"As a part of this mandate, a batch of engineers hired through Navi's campus recruitment program will join the company in June 2024, with further hiring via multiple channels planned throughout the year," the statement said.

Despite RBI’s tightening of unsecured loan norms, Navi scaling up well, says Sachin Bansal

Navi Finserv’s third non-convertible debentures opens on February 26 with an issue size of Rs 600 crore. The fintech’s two previous NCDs had raised close to around Rs 1,000 crore