All is not well with India’s BNPL frenzy

BNPL startups have Indians taking loans for cab rides and dinner parties. With the spotlight now on questionable practices, the RBI is calling them in.

25 February, 202216 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Economy
Story image

Are minimum balance rules out of sync with modern banking?

ICICI Bank’s steep hike in minimum balance requirements and subsequent U-turn raise questions about whether these rules can and should endure.

Internet
Story image

Alaan investment signals Peak XV’s Middle East fintech ambition

A big Series A funding round in the Gulf, real estate’s luxury updates and other headlines from the week.

Business
Story image

RBI’s rate cuts fail to arrest India’s economic decline

Despite the go-go narrative, it is clear that the country’s economic growth is in a funk. What’s more, history shows that further interest rate cuts to fuel stalled growth will be as futile as flogging a dead horse.