img

All the nbfc lending/p2p company folks - brace up

We all are in this together, this too shall pass! For better understanding - Tap here

P2P lending allows individuals to lend to others through RBI-regulated non-banking financial companies (NBFC) platforms by matching lenders ...

https://www.businesstoday.in/personal-finance/news/story/rbi-curb-on-p2p-platforms-offering-early-withdrawal-products-what-it-means-and-who-gets-impacted-442026-2024-08-19

img
img

Ajmonk96

Stealth

a month ago

I have 4 lac in 12 percentage club should I remove it
img

Nophone

EY

a month ago

Yes, as soon as possible
See more comments
img

Aragorn_urf_Maverick

Accenture

a month ago

P2P investments are never about liquidity. They are about providing relatively safer investments than MF or stocks with higher ROI than FDs. This guideline does makes sense. Although with the absence of the encouraging factor of liquidity, the adoption might dip a little.
img

ProfuseCongressman

Startup

a month ago

P2P investments are presented high return instruments / relatively safer than FD - it's an eyewash from the companies side. That's why RBI is putting a leash onto it. Think of it as from the angle of secured vs unsecured debt - to get a loan against property, your house is on line. Even if you default, they can sell your house. Thus, systemic impact is low. But unsecured loans have no such burden. If you default, no worries. Loans can be distributed to virtually anyone - just rate would be high for likely defaulters. Thus, if a large bet goes wrong, money cannot be recovered and the effect is carried forward on the system. Eg. FinMin had to relax loan default criteria during CoVid, otherwise there was a risk on the banking stability. Same thing here. It's always better to understand the business model behind these products
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

News Discussion on

by LetsGetLaidOff

Paytm

Brace for impact people in lending biz!!!

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead. Personally, I can't afford to go through another layoff this year :')

img

Indian Startups on

by Jghfdsyipouhgxd

Stealth

Dead 11

Do you guys agree with the list? Anymore candidates

img
img

Personal Finance on

by Silverfox

Seed Stage Startup

[Must Read] Markets will Correct 📉

- Central Banks have almost achieved their objective of controlling inflation through tightened monetary policy. Though the CPI is inching lower, asset inflation is resurfacing through stock prices and real estate. - Many listed companies that came out with the quarterly numbers are nothing good to talk about. Growth and profits are subdued and for small and mid caps the numbers are decimated but the stocks are still trading at a historical premium. - Analysts will once again start downgrading the earnings forecast and that will start the downward momentum. Once again people will undergo the "Flight to Quality" effect. - No of Bankruptcies is steadily increasing - No of Job openings are trending lower - Most of the US listed firms that have borrowed at a lower interest rate in 2021 are coming up for renewals this year. By the time they refinance, they will be doing it at a higher interest rate which will impact their PAT as a result their EPS estimates will take a biting. - Gold looks attractive from a market cycle standpoint. My Recommendation: - Have an emergency fund for at least 6 to 9 months to cover your expenses. - Exit overvalued small and microcaps stocks. Move to a reasonably valued large cap. - Have health insurance for you and your dependents. - Move out of small cap mutual funds and have some allocation to debt funds. Let me know your thoughts. I hope 2025 turns out better.

img

Personal Finance on

by Ajmonk96

Stealth

Hey ind money launched save plus

This is new scheme which gives 9% intrest p2p lending. Is this safe? Any views on this

img

Personal Finance on

by BiryaniEnthu

Stealth

All of these Home Loan planning are just futuristic assumptions

Need not turn up the same way or multiple terms & conditions

img