A fun article for finance enthusiasts that want an insight into how the RBI regulates the banking industry
Link: https://boringmoney.in/p/rbi-wants-banks-to-ditch-some-funds
Summary:
After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disbu...
Okay . Stop reading from headlines. RBI ,just like it does with monetary policy, has pulled some strings, which is go...
Why did this happen? Slice already owns an NBFC license. What does this help them achieve? "to better serve their shared mission and reach more consumers who currently lack access to basic banking services"
It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe st...
Kids take funding from Angels Men take funding from VCs Legends merge with banks
Cost of capital for an NBFC is pretty high compared to the SFB/CB. NBFCs are restricted on many fronts - customer pro...
