RBI’s assault on unsecured lending sends fintechs scrambling

The central bank’s recent order to raise risk weightage for unsecured consumer loans has pushed leading fintech lenders to rethink core business strategies and look for funds.

25 February, 202412 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

MBAs must jump aboard the wealth tech gravy train

India’s wealth management industry has come into its own in the last five years. As newer companies hope to serve newly minted millionaires, it promises to be an exciting new field for MBAs.

Internet
Story image

Out to list, Pine Labs is a hardware business pretending to be a fintech

Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.

Business
Story image

Can a universal bank licence revive Jana Small Finance Bank’s stock?

Turning into a full-service bank could help the Bengaluru-based niche lender unlock its share value, but the transition will come with its own set of challenges.