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I was expecting this to happen sooner or later. Banking is heavily regulated service in India and the barrier to entry/exit is very high unless you have politic
by nitinreddy88 4y ago
I was expecting this to happen sooner or later. Banking is heavily regulated service in India and the barrier to entry/exit is very high unless you have political influence/connections.
- puranjay 4y agoThink its also Indian banking regulators aversion to leverage and individual debt. These bnpl companies have been playing very fast and loose with their lending standards. As the economy cools down, there might be defaults. RBI seems like its trying to preempt the threat, as it did with crypto.
- naruvimama 4y ago