The P2P Lending 'Jugaad': Why RBI's Crackdown Came Too Late | Vivek Kaul | Neil Borate | Moneynomics

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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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Опубликовано:

12 сен 2024

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Комментарии : 48

@Oceansta 18 дней назад

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.

@rrajan5476 7 дней назад

The words "model.platform,ecosystem are refined words of Chhors

@Oceansta 7 дней назад

@@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.

@roop 16 дней назад

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.....

@amitkmrj 18 дней назад

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.

@aseemsharma1095 18 дней назад

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.