Nitin Misra

This is such a treat for the eyes. Just beautifully designed products. Sigh!

@deepakabbot Death by a thousand cuts 🥹

Feelings before advance tax filing

@ku1deep @deepakabbot Sir, social media - everyone is pre-triggered/offended. Must be careful 🙏🏽😬

@deepakabbot @nitinmisra "social response to a crime in progress is collective physical action " ... look at nitin being all nice. :-P

Contrary to what many people think, India is actually a fairly safe country. In this article, @nitinmisra explains why we don’t see more robberies in India - goldloaninsider.com/blog/why-dont-…

5 years ago I stopped writing and had to sunset growthbug as I had nothing meaningful to share plus building indiagold consumed me. I want to change that now. Me and @nitinmisra have spent 6 years inside the gold loan market, one of India's most massive, misunderstood, and underwritten credit markets. We're going to write about: → How gold lending actually works → Building a tech-first NBFC from scratch → What we got wrong (a lot) → What we got right (sometimes by accident) Starting now at goldloaninsider.com

In 2021, we piloted a fully insured (IF customer willing to get jewellery valued privately) doorstep locker in partner with institutional vaults. Feedback was good. Still believe this market can be big but needs category creation marketing spends. financialexpress.com/india-news/is-…

@deepakabbot We’ve seen this before - post de-mon :-) Long term, protectionist agendas don’t work if they’re not in the interest of customers. In the last decade, literally every FS product has advanced by leaps and bounds so how long can this pre-mobile model in gold loans continue.

⁉️The largest players in gold lending are asking the regulator to stop others (new age competitors) from offering borrowers more money against their own gold??? Scared? Worried? Unprepared? Find out why they doing this and how is indiagold doing exactly the opposite using its tech-led assaying, centralised control, and a model designed from day one to operate safely at higher LTV linkedin.com/pulse/nbfcs-se…

@deepakabbot i.e., another successful morning ride/run not getting run-over #Thar #Scorpio #Fortuner

Golden hope #dawn #gurgaon #cycling

@deepakabbot ...and payment was cheques in mail😂 Think about it, we grew up with no phones (physical letters) > landlines+trunk calls > dial-up internet > mobile network/Symbian > Android/2G/iOS/3G/4G/5G > Now AI runs lot of our health/finance/work. We're the last of the Mohicans!

@nitinmisra Another era that. I use to take care of game demos for those CDs. What fun

@deepakabbot wasn't your first gig in the 90's something similar?

@_manuvers @deepakshenoy Gold loans are short-tenor in practice. Retail gold loans in India typically run for only a few months in real usage (even if the formal tenure is longer). So portfolios turn over fast — lenders aren’t stuck for years with loans priced at old peak gold values :-)

@_manuvers @deepakshenoy For bullet schemes (principal + interest at end), regulation requires LTV to be calculated on the total amount due at maturity (principal + interest). This reduces the principal that can be disbursed upfront vs a simple principal-only calculation — giving built-in cushion.

Gold loans are SOARING. This is bank loans against gold (does not include NBFCs).

Breeze kind of day. open.spotify.com/track/0WWRY1v0…

@deepak8781 @deepakabbot Our live maker-checker process—master assayers at HO reviewing in real-time—flags potentially risky items based on historical patterns and can request cuts, which definitively identifies plating fraud. Not perfect, but significantly ahead of traditional branch-level assaying.

@deepak8781 @deepakabbot Where CV doesn’t help: detecting sophisticated plating fraud. For that, you need XRF spot-checks, specific gravity testing, multiple streak points, historical fraud flagging, and physical cuts (customer permitting).

The UPI moment in Gold loans. Interesting take by @nitinmisra linkedin.com/posts/misranit…

@deepakabbot @ku1deep Aap dono 2 buy karo, 3rd main aapki aur se sambhaal lunga 🙌

@ku1deep Buy 2 get 1 free deal mein mujhe yaad rakhna

A conversation with @deepakabbot has convinced me that I need a Porsche 911 Carrera. I will be “enough” then. The money might be a problem but the EU trade deal is a reason to hope.

Startups are tough and possibilities of high growth startups failing is fairly common. ESOPs go to zero in most cases. Having said, ESOPs are the ONLY way to create wealth. But they aren’t tax friendly. No taxation on exercising is one reform that has been pending for long. I wrote about it in 2022 and it’s still valid. If this is fixed, employees can freely convert options to equity as they vest and won’t be subjected to any future esop policy changes by the company moneycontrol.com/news/opinion/h…