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.
Chelokebab
Stealth
10 months ago
LMAO
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.
Is it due to Credit bubble by subprime lending? I have heard this before
FairAkasa
Stealth
10 months ago
news says not following digital lending guidelines- so yes subprime lending
SabChangaSi
Stealth
10 months 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.
SabChangaSi
Stealth
10 months ago
Check growth rate of cards in big banks when challenger cards emerged.
See more comments
FairAkasa
Stealth
10 months ago
but whats the internal news on this?! anyone knows?
Discover More
Curated from across
Personal Finance on
by somefinetofu
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..
A fun article for finance enthusiasts that want an insight into how the RBI regulates the banking industry
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