April 19, 2024

RBI has warned towards unsecured loans, a few of which has been fuelled by fintechs.

Highlights: 

Funding for fintechs has slowed sharply up to now two years 
This has compelled fintechs to resort to value chopping and recalibration of enterprise fashions 
Not all fintechs can tighten their belts and a few might additionally shut down 
Regulatory modifications might also drive fintechs to consolidate 
RBI has warned towards unsecured loans, a few of which has been fuelled by fintechs 

 
‘Tis the season of chilly consolation for the Indian fintech trade. As a white shroud of snow slowly engulfs giant components of the US…