February 20, 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 pressured fintechs to resort to value chopping and recalibration of enterprise fashions 
Not all fintechs can tighten their belts and a few may additionally shut down 
Regulatory adjustments can 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 massive components of the US…