The P2P Lending 'Jugaad': Why RBI's Crackdown Came Too Late | Vivek Kaul | Neil Borate | Moneynomics
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- Опубліковано 12 вер 2024
- The P2P Lending 'Jugaad': Why RBI's Crackdown Came Too Late | Vivek Kaul | Neil Borate | Moneynomics
In the third episode of Moneynomics, we look at RBI's crackdown on P2P lending and what exactly will the impact of it be. What even IS P2P lending, why did it come into play, and considering it's been around for SO many years, why did the RBI act now? Vivek & Neil discuss!
#rbi #lending #loan
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livemint.oneli...
The business model seems fairly solid TBH. If the company is willing to offset the risks through this fee, there should be no issues. RBI better concentrate on HNIs not paying back their loans.
The words "model.platform,ecosystem are refined words of Chhors
@@rrajan5476 well, normally I would be inclined to agree with with you but im not seeing any holes here other than the tradition bank lobby being threatened by P2P lending. If large sections of the society take P2P on, banking system would collapse.
Lender : Can I get high returns with less risk?
P2P Platforms : Yes
Lender: Can I exit early without penalty or any liquidity issues?
P2P Platforms : Yes
Lender : What if the borrower defaults?
P2P Platforms : We have you covered using our fees.
Borrower : I dont have a stable income, and hence not able to borrow from banks.
P2P Platforms : We have you covered, but we will charge a higher rate.
Borrower : That's fine. Atleast I am getting to borrow when I am in need.
RBI : Hold my Repo Rate.....
P2P was a very good model specially for self employed people like barber, kirana owners to start and expand, whom banks would never entertain. I made 15% return during 2022 through P2P lending when equity was giving just 12%. This is a simple concept of risk mitigation scaled by tech thereby making it more efficient than banks and NBFC by eliminating any manual intervention what so ever. To call it ponzy is utterly wrong.
This is shadow bank. Essentially they are raising deposits from the customer and giving them 12% on a savings ac. NBFC can’t open savings ac but these P2P were doing what a universal bank would do. It’s not ponzi in any way but it’s like running a pseudo bank under the guise of P2P.
Why does RBI acts so late, these companies functioned under the guise of licensed by RBI
Rbi and Sebi have the reputation to act late and destroy people's wealth. Its a short and sweet answer
Most of these platforms have very high default rate, esp Finzy.. and your money is stuck for years together without actual returns
Existing investment jo hai wo withdrawal ho payega yea fir nehi??
good discussion
Does this apply to Invoice discounting apps as well?
Have timestamp... For example for introduction and other topics....
In finzy before I was getting 15-18% now a days loan is only 8% .I can't withdraw complete money..
P2P me jo money investments tha ,uska kya hoga??😮
6:07 The first letter is "T" or "M"? 😂
Another crackdown on MIDDLE CLASS!
Toh yeh baand ho jayega kya lending and borrowing
P2P nhi band hoga lekin ye jugad band ho jayega
Keep a short intro, or don't keep at all. Just start the program
This is nothing but Organized Tech Enabled Money-lending
banks are real culprit
how?
They want to pay peanuts as interest to Indian investor
@@ajayt5334 LOL yes SBI is giving 2.5% interest on Savings Accounts. 😆But that's ok, their loss. people are shifting to other investing instruments.