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
More in Internet
Internet
Takeaways from Dubizzle’s rare pause on IPO
The classifieds company postponed its influential public listing on the Dubai stock exchange. A mismatch of expectations was at the core of it.
You may also like
Internet
It’s HUMAIN all the way at the desert Davos
Highlights from Saudi Arabia’s flagship FII conference, Tabby’s new valuation and UAE government bonds, among other updates.
Business
Ujjivan has to change its DNA for a universal banking licence
Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank
Internet
India’s first neobanking unicorn is trying to reinvent itself. Will it work?
Regulatory curbs have forced Open Financial Technologies to shed some of its core neobanking offerings and focus on growing as a SaaS fintech. But success in this segment won’t come easy.
