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Rohan Saha

Stealth • 2m

We reached out to many P2P platforms from January to July this year regarding their incorrect business models where they were not following P2P lending rules. They kept telling us that they were not doing anything wrong and were operating according to RBI rules. However, now that RBI has taken action, these same platforms are adopting the business model we suggested, which is the core of the P2P lending business. These P2P platforms had turned lending into an investment scheme: you give us money, we will lend it out, and if there is a loss, it’s yours, but if there is a profit, we will give you 10% and keep 15% for ourselves. In reality, they were giving loans at 20-25% interest rates normally, but investors were only getting returns of 10-12%. It feels good to see what is happening now. The industry might slow down for some time, but in the long run, it will be very beneficial.

0 replies4 likes

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Amil Naushad

Stealth • 10m

Discuss: Pros and Cons of P2P Lending in India. Would you try it if it was not strictly regulated by the RBI?

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Rohan Saha

Stealth • 10m

why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye

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aaquib mahfooz

Stealth • 19d

i have idea of creating an online platform that connects lenders directly with borrowers is similar to peer-to-peer lending (P2P lending). P2P lending has become popular in recent years as an alternative to traditional banking and NBFC loans. To mak

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Anonymous

Stealth • 4m

Hello Medial Community Is it mandatory for a fintech who is also engaged in lending activities to get the NBFC licence from RBI?

0 replies3 likes

Vikram Kumar

Stealth • 3m

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

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Anonymous

Stealth • 9m

Story of RBI: RBI: “Let’s call all the big players, discuss how we can pick up user adoption“ *It actually happens* RBI: “time to ban their license“

7 replies12 likes

Anonymous

Stealth • 14d

We are into the business of Digital Lending. We have multiple Banks,Credit Cards,Insurance etc on our platform. We want to share this platform with interested candidates for a nominal fees of Rs100/- per month so they get an opportunity to earn unlim

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Praveena J

Stealth • 8m

Inspirational insights: the quotes collection:- "We don’t just trust people to obey the rules, we also trust that they know when to break them." - SIMON SINEK

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Rohan Saha

Stealth • 4m

In the poll I conducted yesterday, 51% of people were saying no, but the Fed has cut rates now. Only the RBI is left; let's see what happens.

2 replies5 likes

Mohit Singh

Stealth • 1m

We will borrow money from our relatives, around 50,000. Since they are our relatives, they will lend us the money without any interest. Then, we will lend this money further to someone else at interest. The interest we earn will be our profit, and we

13 replies10 likes