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Navigating the Unknown: Leadership in an Era of Uncertainty

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 Leading through the mists of uncertainty can feel formidable; yet, it unveils a chance to display resilience, adaptability, and visionary leadership. Here are a tapestry of strategies to amplify your prowess in traversing unpredictable realms: Embrace Flexibility and Adaptability Stay Agile: Nurture a malleable work atmosphere that empowers teams to swiftly shift and respond to emerging insights and changing tides. Iterative Planning: Break down long-term visions into smaller, manageable milestones that can be recalibrated as needed, allowing for continual reassessment and evolution. Communicate Transparently Honest Updates: Keep your team apprised of the current landscape, even when the news is less than favorable. Transparency begets trust and ensures collective alignment. Open Dialogue: Foster a space where team members feel emboldened to express their concerns and ideas, enriching insights and uplifting morale. Focus on What You Can Control Identify Priorities: Direct your ene...

Indian Banking: As India's Banks Stop Lending, Borrowers Turn To Alternate Lending Startups For Capital

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Reserve Bank of India (RBI) Governor Urjit Patel  Rahul Bhaskar, does not possess a credit card nor does he have relevant credit history. A 23-year-old software engineer, he has been denied a Rs 20,000 ($300) loan to purchase his favorite smartphone by more than one bank. To fulfill his dreams, Rahul has decided to borrow money from local startups such as Cashe and SlicePay. The above example is not just one incident but rather a pattern that has emerged over the past few years; India has witnessed a spike in bad loans and non-performing assets that has resulted in more vigilant traditional lenders, especially nationalized banks. This cautious environment has increased the demand for alternative means of lending for small businesses and individuals. According to startup research platform Tracxn, last year 64 alternate lending startups were founded in India, and this year has seen birth of 34 of such firms – making India third ranked in terms of startups facilitati...