The cautionary tale of BharatPe’s 12% Club
The peer-to-peer lending platform finds itself in a tricky position amid the fintech’s internal issues, the RBI’s intensified scrutiny of P2P lenders and the risky nature of the business.
15 June, 2023•11 min
0
15 June, 2023•11 min
0

More in Internet
Internet
ED freezes assets worth over Rs 520 cr in raids on WinZO, Gameskraft, others
The financial crime agency has linked the frozen funds to alleged gameplay manipulation, unrefunded balances and violations of India’s real-money gaming ban.
You may also like
Business
Why Kotak Mahindra Bank is in a hurry to swallow IDBI
As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.
Business
Ujjivan has to change its DNA for a universal banking licence
Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank
Business
Karnataka Bank urgently needs a permanent CEO
For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.








