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DizzyPretzel
DizzyPretzel
Stealth

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

13mo ago
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MagicalQuokka
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
ZestyLlama
Stealth13mo

LMAO

QuirkyNugget
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
FluffyCupcake
Amazon13mo

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

QuirkyNugget
QuirkyNugget
Stealth13mo

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

SquishyQuokka
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
SquishyBanana
Freelancer13mo

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

DizzyPretzel
DizzyPretzel
Stealth13mo

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

DizzyPretzel
DizzyPretzel
Stealth13mo

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

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