RBI s ban on DLG for P2P platforms reshapes industry operations, impacting prominent startups. Regulator s actions aim to bolster governance but may raise customer acquisition costs and deter investors due to increased risks.
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 report estimated that around three crore loans were disbursed during the quarter by these 37 companies, of which 28 are either NBFCs themselves or have an inhouse NBFC.