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Will the uncovering of reckless and potentially fraudulent Chinese lending apps will drive the RBI to look at regulations for the sector?
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A crash in lending saw the fintech end the financial year in the red. But its payments business is going strong, and the worst may be over in the loans business.
A breakdown of the recent numbers suggests that the Policybazaar parent may face a slowdown in the years ahead.
They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.