🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Rohan Saha

Stealth • 1m

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

More like this

Recommendations from Medial

Image Description
Image Description

Amil Naushad

Stealth • 9m

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

9 replies9 likes
Image Description
Image Description

Rohan Saha

Stealth • 9m

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

See More
4 replies8 likes
Anonymous

Anonymous

Stealth • 3m

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 • 2m

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

See More
0 replies2 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 8m

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

Praveena J

Stealth • 7m

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

0 replies2 likes
Image Description
Image Description

Rohan Saha

Stealth • 3m

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
Image Description
Image Description

Ansh Kadam

Stealth • 5d

How does RBI earn money ? & why the RBI is more of a banker than a regulator. Last year, the RBI transferred over ₹87,000 Crore to the government, and it's expected to surpass ₹1,00,000 Crore in FY 2025. But how does the RBI generate this enormous

See More
7 replies7 likes
Image Description
Image Description

Rohan Saha

Stealth • 22d

Around 2021, many alternative investment platforms like P2P, asset leasing, co-owned real estate, etc., were growing rapidly. However, now the majority of these companies are struggling to attract even a single customer. As Indian investors are becom

See More
3 replies5 likes
1

Saksham

Stealth • 6m

The RBI released a framework for self-regulatory organizations (SROs) in the fintech sector to balance innovation with regulatory compliance. Key points: •SROs must represent the fintech sector, including RBI-regulated entities, facilitating self-g

See More
0 replies5 likes

Download the medial app to read full posts, comements and news.