RBI bans Bajaj Finance to stop lending under ecom and insta emi products with immediate effect- WHY?
RBI governor got spammed a bit too much by Bajaj Finance callers.
This is a last ditch effort to stop them. Too bad, won't work.
Karilyn Lee
Stealth
a year ago
LMAO
Kalan Dean
Stealth
a year ago
Yes. RBI just does things when it believes nbfcs are taking the role of banks. They get lobbied by big banks to stop the show. Same playbook followed to stop slice, uni, etc
Ye sahi hai, big banks care so much about slice, uni etc. Check NPAs of these “Fin”-tech players.
Coy Denver
Stealth
a year ago
Check growth rate of cards in big banks when challenger cards emerged.
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Is it due to Credit bubble by subprime lending? I have heard this before
Matilda Hyrum
Stealth
a year ago
news says not following digital lending guidelines- so yes subprime lending
Actually, I have been getting too many calls from Bajaj Finance for CCs and Credit Products.
I presume most people who are fiscally prudent will deny but sub prime lending will potentially lead to a credit bubble.
I hope not too worrisome.
Jordon Lee
Stealth
a year ago
but whats the internal news on this?! anyone knows?
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by Jordon Dean
Stealth
RBI releases a circular that restricts banks and NBFCs from investing in certain funds. Primary reason: to stop the "evergreening" of loans. But there's more than meets the eye..
How to annoy fund managers with bank investors
https://boringmoney.in/p/rbi-wants-banks-to-ditch-some-funds?utm_source=grapevine&utm_medium=social&utm_campaign=rbi+bank+ditch+funds
