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Are fintech corporations observing powerful instances in India? RBI takes hardest strikes | Defined | UPSC
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RBI is doing it for favor of bank.
Bad decision, fintech firms are giving reliable credit line for low income group. In turn it is increasing the purchasing power of country and benefitting economy. Rbi should find some middle way. Ban is not a solution.
Good job sir👍👍👍
sir apne kuch pahle video banaya tha jisme apne bola tha RBI is in favour of these fintech companies
It was a needed step. We should never forget what happened in 2008, when the Fed Reserve failed to anticipate and react to the precarious growth of financial firms. Economic growth should be accompanied by economic stability.
Devaluation of currency will be more beneficial if Price of exports remain constant
very well done.these fintechs are destroying banks.
Very gud decision by RBI,since NBFC are trapping individuals by providing credits and after that they are charging high interest rates ,recent are paytm postpaid ,these are like Debth trap!!
And recently article published in business standard shows many complains regarding these NBFC ,their ill practices in interest rates !!!!👍🏻
Paytm recently rises 3%,471% jump in loan disbursals,
The total loan value for 2 months grew by 829%😂!!
if experts sitting in RBI have took some decision, then there must be some rational behind it.
please kindly explain the positive side of the ban also.
ans C
When govt banks cannot compete against private company then they play politics and destroy the private company. Govt banks are lazy corrupt irresponsible.
C
Make a video on recent devastating flood of assam North East
Not a good decision
It's not in consumer interest it's in banks'interest.
Dictatorship at its peak
sir ye fintech company recovery ke vakt bahut harrasment krti hai
uska police case bhi nhi hota
isliye rbi ne ye kiya
Flipkart paylater allow consumers to buy expensive product to those people who don't have money with very little interest and much much lower than credit card offered. Rbi didn't do it to protect consumers, it doing it because they are losing money.
Fintechs charges upto 35% interest..all Chinese money pumped into Indian economy..
Ye RBI kyaa kr rahi hai??? Ham software Developer ki kya koi Izzat nahi hai???
Duniya mai sbse bada IT export India ka hai…. Fir b ye haall?
Ham Blockchain Crypto web3 ki baat kren to ye log usko ban krne ki baat krte hain
Fintech mai ayen… To ab yaha natak…
Same halat market ki wajh se… Ye food tech companies ka hai…
Gov jobs dete nahi ye log….
Ab pakode hi talen kyaa…. 🤨🤨🤨🤨🤨🤨
Us ko dekho jp Morgan, Morgan Stanley, American Express…. Kaise behtareen fintech exist krri hain waha…. Ye sara natak yahi krna ha
.. wo b tab jab ye sari Companies apne startup phase mai hain… 🤨🤨🤨🤨🤨🤨
Wrong decision.
if RBI done something it's good for our country.
A – bcoz external country can purchase more products from devalue country in same dollar .and exports will increase,% of profit increase for devalue country .
Most of the country devalue their currency to increase exports
Price of exports rice proportionately
C
🙏🙏🙏
RBI should give reason before implementing it will effect not only business but jobs too and future companies will avoid coming to India due to change in rules every time.
Very good descision taken by RBI 🔥
D
Sir what about UPI?
Nice explained. Paise ka chakkar babu bhaiya, paise ka 🤣.#RBI
This is good. They give limit and charge you 22-30% interest. Which is wrong.
V good
best decisin by RBI
fintech is go to some reach but then over doing in fintech is stupidness
RBI done this …. RBI think scheduled banks one day closed his shatter🔐 .
This is a very good initiative taken by rbi
Very good decision by RBI .
RBI sayad inflation ko control karne ke liye ye niyam laye hai temporary term ke liye
RBI wants the consumers waste more time under complex procedure of Traditional Banks.
😡
This was much needed as most of fintech providing loans are backed by Chinese investors. They are looting users in the name of pre-approved loan..
Thanks for making such a informative video for us 🙏🙏🙏😘😘
Jai Hind
Why RBI wants to destroy the fintech companies??
Kya ye financial crisis hai ??
What about the existing users?
RBI did right for consumer security and safety
I think RBI did this to control the liquidity therefore to control inflation because private players are manipulating the liquidity.