Inside BharatPe’s big lending rethink
- Post-Ashneer Grover, the fintech is ‘cleaning up’ its lending act and backing away from regulatory grey areas
- The governance concerns arising from allegations against Grover have played a key role in this shake-up. That it is also transitioning into a bank gives it more reasons for caution.
NEW DELHI : Ashneer Grover’s worst critics can’t accuse him of not dreaming big. In October last year, he had laid out his lending ambitions for BharatPe— “By March 2023, a $1 billion loan-book". How would BharatPe scale that peak? That was left to Grover.