RBI bans Bajaj Finance to stop lending under ecom and insta emi products with immediate effect- WHY?

13mo ago

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MagicalQuokka

Stealth13mo

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.

ZestyLlama

Stealth13mo

LMAO

QuirkyNugget

Stealth13mo

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

FluffyCupcake

Amazon13mo

Ye sahi hai, big banks care so much about slice, uni etc. Check NPAs of these “Fin”-tech players.

QuirkyNugget

Stealth13mo

Check growth rate of cards in big banks when challenger cards emerged.

SquishyQuokka

Gojek13mo

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.

SquishyBanana

Freelancer13mo

Is it due to Credit bubble by subprime lending? I have heard this before

DizzyPretzel

Stealth13mo

news says not following digital lending guidelines- so yes subprime lending

DizzyPretzel

Stealth13mo

but whats the internal news on this?! anyone knows?

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