That’s a dumb thing to write!
Should we also compare NPAs? Should we also compare loan book size? Should we also compare amount of time in the industry? I mean we know business is growing, but give folks a better reason to join. Be like stripe- to increase the gdp of the internet
Compare PayTMs Loan Book with any big financial co. Badi badi baatein aur muh hai chota sa
Since when did RBI allow a payments bank to disburse loans to compare loan book of Paytm to other companies?
ofcourse, you’re right. My point is pure hyperbole. I refuse to believe that the quality of PayTMs loan book is any better than any big finance co.
Companies should just write the truth like we pay more monies than our competitors as the reasons to join
Kendall Everett
Stealth
a year ago
They do sometimes. Polite speak for it is "competitive compensation at par with industry" or something along those lines.
A payment bank can't lend. Paytm doesn't have any NPA because they didn't lend their money in the first place. They have tie up with other NBFC and/or banks who lend through them. So the NPA is a loss to the partner companies not to Paytm. Paytm gets commission for every loan disbursed. Your other question on the loan book should also be answered with the above.
Everyone on this thread is missing out on a core point, they are not lending from their books, they are basically loan originators and earn a fee income from their lending partners. With RBI new directives in place, consumer loans will take a beating and their lending partners can only offer loans at higher interest rates with increased risk weightage. There are a lot of high quality lenders in the public markets (gold standard banks - should I even say their names) they will crush Paytm. Markets will humble them.
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