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, 2024•12 min
0
25 February, 2024•12 min
0
Getting your Trinity Audio player ready...
More in Internet
Internet
Bravado, IPO and OYO
A debt-heavy global pivot to modest motels and accounting-led profits define the company now heading to Indian public markets.
You may also like
Business
The Rs 590-crore blame game at IDFC First Bank
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
Business
Exclusive: Jana Small Finance Bank to reapply for universal bank licence in May
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
Business
CSB Bank’s deposits are a ticking time bomb
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.