🔍Insights
2023 is a year that loan app companies and fintech companies may want to erase from their memory. Fraudulent loan app companies, extortion cases, and a rigorous crackdown by policymakers have meant that the whole cart is being painted black. However, some loan app companies and fintech companies continue to
🔍Insights
In an effort to control the unchecked expansion of unsecured consumer lending, the Reserve Bank of India (RBI) recently issued a notification. The directive increases the risk weight for consumer credit exposure of banks and non-banking financial companies (NBFCs), potentially impacting fintech players. Industry experts suggest that these lending institutions
✍️ Opinions
> This article has been contributed by Kunal Mehta, Founder and Director, Arthan Finance. The fintech industry has been growing and developing rapidly with the introduction of digitization in various aspects of the system. The traditional format of banking has evolved at a great speed, especially since the pandemic. NBFCs