wow, now that's something! Thanks for sharing this, Rachit.

Arundhati Ramanathan

Can't agree with you more Aniket. Thanks for this well-articulated comment.

Arundhati Ramanathan

Fair point, Shivaraj. Thanks for reading!

Arundhati Ramanathan

Gautham, one way is to lay down guidelines/rules for the digital lending platforms, loan service providers as they are called. Right now there are none. Google for its apart needs to reevaluate the app permissions apps are able to take.

Arundhati Ramanathan

Thanks Siddharth, we are surely keeping an eye on this.

Arundhati Ramanathan

Hi Manasa, the quote from Navin Surya in the story alludes to that. The idea of NUE is to have diverse payments solutions to take retail payments to those beyond the top 100 million. The consensus seems to be that, the current digital payments system is not doing the job well enough to cater to the needs to the wider swathe of population. Also, the idea is to bring more competition to NPCI.

Arundhati Ramanathan

Thank you Rohit. These links should be helpful. https://www.rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=9902 and for specific guidelines: http://www.bcsbi.org.in/CBCC_Collection_Dues.html

Arundhati Ramanathan

Thanks Ateesh! That’s a great point about unsecured loans, Ateesh. Lenders have been getting bolder with larger ticket sizes and longer tenures. So I guess partly, this had to happen.

Arundhati Ramanathan

Yes Vikas, I think the story of how MPL got the BCCI deal is another story altogether. As for jerseys, both Dream 11 and MPL want to tap the average cricket fan given that they are in more numbers than the population of gamers. ~450 mln Vs ~250 mln. These moves are meant to help convert the cricket fan into a fantasy cricket gamer.

Arundhati Ramanathan

Thanks for pointing it out, added it in the article.

Arundhati Ramanathan

We focused on Visa simply because it is the largest. Of course, Mastercard too is in the same boat.

Arundhati Ramanathan

Okay let me try again. So the revenue is from loans originated via YONO. It also considers gains from productivity (the time taken to open a bank account via YONO vs physical branch) as revenue. As for the expenses, it has its own op ex, but since it is sharing the bank's infrastructure a lot of its costs would be absorbed by SBI's balance sheet for now. Once it is hived off, we will have to look at how transfer pricing kicks in. Hope this is clear.

Arundhati Ramanathan