Growth in the fintech ecosystem is already bridging the gap between demand and supply for unmet credit needs, especially in the near prime and medium value loan segments, and it will continue to do so in the future.
The 10-year benchmark government bond yield - a pricing reference for a host of credit products - ended trade at 7.152% on Monday, its lowest closing level since September 26, Bloomberg data showed. The 10-year bond yield had closed at 7.179% on Friday. The total traded amount for Gsecs was at ₹56,770 crore.
A credit score, ranging from 300 to 900, gauges creditworthiness for loans and purchases. It determines eligibility for loans, credit cards, and even influences employment checks.
Premanshu Singh has also had previous stints at Paytm Insurance and Fampay, a fintech platform targeted at teenagers, where he held a leadership role. He will among the most senior hires at the yet-to-be-named venture which is backed by Flipkart.