Are fintech companies staring at tough times in India? RBI takes hardest moves | Explained | UPSC

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  • Опубликовано: 3 окт 2024
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Комментарии • 88

  • @studyiqofficial
    @studyiqofficial  2 года назад +22

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  • @Snehashish1993
    @Snehashish1993 2 года назад +94

    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..

  • @khanindranath8674
    @khanindranath8674 2 года назад +61

    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.

  • @hitmeup7003
    @hitmeup7003 2 года назад +20

    This is good. They give limit and charge you 22-30% interest. Which is wrong.

  • @viveksingh-ow4sd
    @viveksingh-ow4sd 2 года назад +26

    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%😂!!

  • @raghavrajput52
    @raghavrajput52 2 года назад +32

    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.

  • @Shivaa.123
    @Shivaa.123 2 года назад +12

    Beautifully explained. Thank-you sir.

  • @suyognathe7
    @suyognathe7 2 года назад +8

    sir ye fintech company recovery ke vakt bahut harrasment krti hai
    uska police case bhi nhi hota
    isliye rbi ne ye kiya

  • @bikramjitjena
    @bikramjitjena 2 года назад +6

    It's not in consumer interest it's in banks'interest.

  • @gangeshshukla3162
    @gangeshshukla3162 2 года назад +26

    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.

  • @shashanksrivastava9192
    @shashanksrivastava9192 2 года назад +5

    Thanks for making such a informative video for us 🙏🙏🙏😘😘
    Jai Hind

  • @becausemoneymatter
    @becausemoneymatter 2 года назад +123

    RBI is doing this under pressure of schedule banks

    • @VivekYadav-hs1qx
      @VivekYadav-hs1qx 2 года назад +2

      True

    • @viveksharma-jc2wb
      @viveksharma-jc2wb 2 года назад +21

      Rbi is never under pressure ...be it scb or any other financial institute.
      Barring union gov, no one can pressurize rbi

    • @rockon2.o487
      @rockon2.o487 2 года назад

      I think RBI is doing this to curb the inflation

    • @sUperNova-lj4vs
      @sUperNova-lj4vs 2 года назад +9

      Maybe credit is responsible for inflation.

    • @neelranjan9843
      @neelranjan9843 2 года назад +13

      These fintech companies putting unemployed and specially students in pressure. The intrest rate the impose is like old school LAGAN from British time.

  • @ANINDYAON
    @ANINDYAON 2 года назад +7

    Fintechs charges upto 35% interest..all Chinese money pumped into Indian economy..

  • @anshumanbalsamant2043
    @anshumanbalsamant2043 2 года назад +25

    prices of exports remain constant

  • @swapniltravels
    @swapniltravels 2 года назад +3

    very well done.these fintechs are destroying banks.

  • @josephdsouza4949
    @josephdsouza4949 2 года назад +39

    wow i wish this had blocked from start. really appreciative move by gov.

  • @RaviKumar-wc3ed
    @RaviKumar-wc3ed 2 года назад +16

    RBI did right for consumer security and safety

  • @user-yv2
    @user-yv2 2 года назад +8

    Ans:- C) Price of domastic goods remains constant

  • @slightlydifferent8848
    @slightlydifferent8848 2 года назад +4

    Ans is D

  • @akashroy4467
    @akashroy4467 2 года назад +3

    Answer C

  • @majortok9750
    @majortok9750 2 года назад +8

    How come Grow????

  • @DipenKumar27
    @DipenKumar27 2 года назад +18

    This is extremely good decision

  • @officialaditya96
    @officialaditya96 2 года назад +13

    Very good descision taken by RBI 🔥

  • @shivamsinghrawat9910
    @shivamsinghrawat9910 2 года назад +6

    Option C

  • @AkashMishra-b8z
    @AkashMishra-b8z 2 года назад +5

    This is a very good initiative taken by rbi

  • @arun_ingh.
    @arun_ingh. 2 года назад +3

    RBI done this .... RBI think scheduled banks one day closed his shatter🔐 .

  • @arnabmaji8275
    @arnabmaji8275 2 года назад +2

    C may be.

  • @wondergyanpro2376
    @wondergyanpro2376 2 года назад +2

    Price of exports rice proportionately

  • @adityanarayansatapathy2271
    @adityanarayansatapathy2271 2 года назад +3

    Ans d

  • @Hindu428
    @Hindu428 2 года назад +9

    This move will back the India

  • @ANKITVERMA-fg2jz
    @ANKITVERMA-fg2jz 2 года назад +3

    C crr

  • @greenworld9743
    @greenworld9743 2 года назад +4

    Option -(D)

  • @ROHITGUPTA-wd2me
    @ROHITGUPTA-wd2me 2 года назад +4

    Flipkart pay later

  • @factzone9723
    @factzone9723 2 года назад +4

    Nice explained. Paise ka chakkar babu bhaiya, paise ka 🤣.#RBI

  • @world-in-motion
    @world-in-motion 2 года назад +3

    C option

  • @RajeshChoudhary-ko6im
    @RajeshChoudhary-ko6im 2 года назад +2

    What about the existing users?

  • @raj969
    @raj969 2 года назад

    Good job sir👍👍👍

  • @Rajesh-gb7ss
    @Rajesh-gb7ss 2 года назад +21

    👉 हर हर महादेव 🕉🕉 जय श्री कृष्णा ❤🔱🙏

  • @rajdeepdey8204
    @rajdeepdey8204 2 года назад

    Make a video on recent devastating flood of assam North East

  • @raghunandanky8198
    @raghunandanky8198 2 года назад +7

    Very good decision by RBI .

  • @gangeshshukla3162
    @gangeshshukla3162 2 года назад

    ans C

  • @illusion8235
    @illusion8235 2 года назад +2

    best decisin by RBI

  • @songiotaja9359
    @songiotaja9359 2 года назад +1

    Sir what about UPI?

  • @priyachaudhary9081
    @priyachaudhary9081 2 года назад +3

    D

  • @suhaibkhan798
    @suhaibkhan798 2 года назад +1

    V good

  • @avisarin
    @avisarin 2 года назад +3

    C

  • @drsagartyagi8246
    @drsagartyagi8246 2 года назад +3

    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

  • @ProudTraderInd
    @ProudTraderInd 2 года назад +3

    RBI sayad inflation ko control karne ke liye ye niyam laye hai temporary term ke liye

  • @binods6216
    @binods6216 2 года назад

    sir apne kuch pahle video banaya tha jisme apne bola tha RBI is in favour of these fintech companies

  • @purna742
    @purna742 2 года назад +2

    c

  • @shrutipurwar5502
    @shrutipurwar5502 2 года назад +3

    Devaluation of currency will be more beneficial if Price of exports remain constant

  • @indianlenmon_5571
    @indianlenmon_5571 2 года назад +1

    fintech is go to some reach but then over doing in fintech is stupidness

  • @benxurabha9330
    @benxurabha9330 2 года назад +3

    Wrong decision.

  • @biswasrout7759
    @biswasrout7759 2 года назад +3

    if RBI done something it's good for our country.

  • @kishanyog
    @kishanyog 2 года назад +3

    Kya ye financial crisis hai ??

  • @shivanknigam3888
    @shivanknigam3888 2 года назад +3

    d

  • @amroi_97
    @amroi_97 2 года назад +6

    good news for banks in india

  • @rishishukla588
    @rishishukla588 2 года назад +1

    Not a good decision

  • @QuantumBeatsLab
    @QuantumBeatsLab 2 года назад +3

    Why RBI wants to destroy the fintech companies??

  • @deepaks-india
    @deepaks-india 2 года назад

    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.

  • @blackjackbanker2359
    @blackjackbanker2359 2 года назад +10

    RBI wants the consumers waste more time under complex procedure of Traditional Banks.
    😡

  • @ManojDas-og6ke
    @ManojDas-og6ke 2 года назад +15

    Very bad decisions

  • @sampadakumar8342
    @sampadakumar8342 Год назад

    RBI is doing it for favor of bank.

  • @natunda1966
    @natunda1966 2 года назад +13

    Wrong diction

  • @avanishchandra3795
    @avanishchandra3795 2 года назад +4

    Ab fir bank ke picche picche ghumo

  • @skynetplayz
    @skynetplayz 2 года назад +4

    Wrong decision by rbi

  • @magicmoment3385
    @magicmoment3385 2 года назад

    🙏🙏🙏

  • @onlyattempt3592
    @onlyattempt3592 2 года назад +2

    D

  • @sandeepshukla6657
    @sandeepshukla6657 2 года назад +2

    C

  • @sujaysonwalkar645
    @sujaysonwalkar645 2 года назад +3

    C

  • @manishkumar-zd6ro
    @manishkumar-zd6ro 2 года назад +3

    C

  • @songiotaja9359
    @songiotaja9359 2 года назад +1

    D

  • @sikandarali6601
    @sikandarali6601 2 года назад +4

    D

  • @caarvindersingh92693
    @caarvindersingh92693 2 года назад

    C

  • @nishantsrivastava5867
    @nishantsrivastava5867 2 года назад

    C