RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.
Anonymous 3
Hey I am on Medial âąÂ 5m
This will cause a lot of trouble for people who depend on these companies for quick loans which is exactly why it should be banned.
0 replies
More like this
Recommendations from Medial
Yash
Trying to make thing... âąÂ 7m
Do you guys Think that Quick Commerce Companies should switch to Drone Deliveries now ?
Share your thoughts :)
9 replies7 likes
Jaswanth Jegan
Founder-Hexpertify.c... âąÂ 9m
Apple devices will definitely be banned from Elon Muskâs companies . Waiting for Muskâs next tweet đđ
2 replies3 likes
Dindayal sinha
Am promoter not prom... âąÂ 11m
Dear Medial Developer, please add a verified account/user tick feature. I have come across a few misleading messages/replies that may cause trouble for Medial in the future.
5 replies7 likes
Harsh Gupta
Digital Marketer (Me... âąÂ 1y
What's your stand on this one!
Will these "Quick Commerce" companies will wipe out the "Kirana store" .đ€
What's your opinion đ§
How much funding should you expect for giving away 10% of your company for pre-seed or seed funding?
On what factors should it depend. What framework should be used to decide it as a founder.
7 replies10 likes
Priyam Maurya
Wanna create somethi... âąÂ 6m
Do these quick commerce and food delivery company gives extra money for petrol?
0 replies2 likes
Varun Raghav
Building mindset âąÂ 5m
which of these marketing strategies is best for SaaS Companies?
This is crazy đ€Łđ§ , firstly USA banned china and now China banned USA , China restricted NVIDIA,Intel Chips in China .
Now they are promoted their companies to make AI Chips like Huawei , UniSOC etc.
Tit For Tat đ€Łđ đ€.
Business Is War â„ïž đ â„ïž
14 replies17 likes
Havish Gupta
Figuring Out âąÂ 7m
Why do you think that in the last 2 years, the Number of Instant Loan Startups have skyrocketed, and also almost every company have started to provide loans?
Like what happened in this period that have helps these companies dicide whom to give loans
The RBI is increasingly cracking down on unsecured lending. The NPAs (Non-Performing Assets) of unsecured loans are also increasing rapidly. Companies that used to provide loans against salaries are now changing their business models. The NPAs of MSM