Very Well said.
When I read the article, Founders even saying – we plan to apply for NBFC license – means as of now they don’t have it.
When checked on website, there HDFC Bank & Axis Bank are mentioned as their partners. My understanding, Indiagold might be (as of now) operating as of now just as an extended arm (as a lead originator, and getting lead fulfilled from partner bank).
But even in that case, customer’s who don’t want to walk to branch but want loan with ease at the rate of Bank (and not that of NBFC like Manappuram, Muthoot etc.) – can use Indiagold.
With that view only article of Indiagold was shared.
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