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DizzyPretzel
DizzyPretzel
Decathlon

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

24mo ago
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MagicalQuokka
MagicalQuokka
Stealth24mo

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
ZestyLlama
Stealth24mo

LMAO

QuirkyNugget
QuirkyNugget
Stealth24mo

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

QuirkyNugget
QuirkyNugget
Stealth24mo

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

SquishyQuokka
SquishyQuokka
Gojek24mo

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
SquishyBanana
Freelancer24mo

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

DizzyPretzel
DizzyPretzel
Decathlon24mo

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

DizzyPretzel
DizzyPretzel
Decathlon24mo

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

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