Business News This Week
BankerBhai.com has been launched with a sole motive to address financial well being of an individual or small business. The portal allows the user to see how the money is performing by using proprietary tool Money Meter. The portal also allows inter-bank comparison of home loans, car loans, personal loans, credit cards including the rates offered by public sector banks also.
Indraprastha Advisors P Ltd announced the launch of its website, BankerBhai.com. The website is positioned to help small businesses and salaried individuals make the best of their money. They have introduced India's first online financial planning tool, called Money Meter. It helps salaried individuals get a financial health score along with sectional reports on their personal finances advising them on next course of action. The portal also has a feature to compare home loans, personal loans and car loans for best loan rates comparing even the rates offered by Public Sector Banks.
Manish Verma, Founder, BankerBhai.com commented on this occasion, "Having been in the banking industry for more than 15 years, I could clearly see a need for financial knowledge at retail levels. What best being done by the banks was to advise a client category-wise to sell their product. The loan guys will not know about investments. The investments person cannot talk about transaction banking and likes. BankerBhai was envisaged as a platform where the money matters could be looked in a wholesome manner. We have started with Money Meter (India's first online financial planning tool) and loan comparison across lenders. More exciting features will follow."
The team is working to have CIBIL scores estimation and advice on how to improve CIBIL scores. They already have useful calculators and blogs available on the site to help users. The site proposes to bring helpful features on tax management, financial decisions, and loan management in times to come.
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