Like I’ve mentioned in my initial post, it is up to 24h working hours for now, but we will shrink the timeline as we move forward.
Broking & NBFC both under the same umbrella is a massive advantage. The fact that your MF units are in Demat is a huge advantage. For instance, some of the banks you mention don’t lend if the transfer agent is not CAMS. For us, it does not matter.
Also, some of your comparisons are not valid. LAS is a very different product, compared to the rest of the lending products out there. Yes, you can get an overdraft on your salary, you can borrow from Dhani, Cred or whatever. But when you quote these as an example, please compare it with a similar offering. LAS in very different, for example, when you borrow against LAS, you only service the interest, as I mentioned, your monthly obligation is 28 paisa for every 100 borrowed. There is no concept of an EMI here, hence monthly cash obligation is much lesser.
Noted, thanks for your opinion.
This is sucidal for investors. You need to get your stats on P2P right. Please check the amount of defaults and NPA in P2P, talk to folks who have done this consistently for over 3 years and understand from their experience.
Again, thanks for the opinion. But we all know what happens to players (and unfortunately their customers) who try and do such a circus.
Well, I dont know what to say for this rather nonchalant comment 