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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The P2P lending platform is the only one that is still doing substantial business after the central bank tightened the rules last August, virtually shutting down the sector. It has carried on as though the new rules don’t exist.
LenDenClub has had a great third quarter. A quarter where it disbursed more new loans than it did in the six quarters prior, making it one of the leading players in the peer-to-peer lending business—with over Rs 1,023 crore in assets under management and Rs 16,011 crore in loans disbursed since 2015. Its latest performance though may have something to do with it playing fast and loose with the rules.
In August last year, the Reserve Bank of India issued an update to the rules governing peer-to-peer lending in India. In one fell swoop, the new rules outlawed much …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
