Zerodha Won’t Enter Personal Loans, Credit Cards

Zerodha, a big company that helps people buy and sell stocks, has said it won't start offering personal loans or credit cards.

The CEO, Nithin Kamath, explained that it's hard for them to compete with banks and other companies because they have to pay higher interest rates to borrow money.

This means they can't offer loans at low rates, and they don't want to deal with the problems that come with unsecured lending, like chasing people for payments.

Instead, Zerodha offers something called Loan Against Securities, which is safer and fits better with their business.

They believe in being careful and only doing things they're good at, rather than trying to grow quickly by taking big risks.