Lending is purely risk management, how well you can underwrite the risk, so without that growth is only bane to the organisation, there is the reason why HDFC, is opening branches like there is no tomorrow in this era of UPI (even for micro transaction). Loan are not commodity, if not handled well, this might become another BNPL company(which cease to exists now).
However, If they nail the distribution, I am sure, other big players can also replicate the tech, if this makes trenches in the existing market. India is quite big market, especially the micro segment, but risk management is vital, growth can be slower as long as you are growing while maintaining better asset quality.
Just my two cents on this, not a rebuttal.
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