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Fintech personal loans log 62% of sanction volumes in FY24 1st half in India: Report

Fintech personal loans have grown steadily in the country and contributed to a third of overall active personal loans in September 2023, registering 62 per cent of sanction volumes in the first half (H1) of the current fiscal year (FY24), a new .

Sugandh saxenaFintech association for consumer empowermentFintech associationConsumer empowerment

Fintech loans comprise 62% personal loan sanction volumes in H1

Fintech loans comprise 62% personal loan sanction volumes in H1
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Fintech loan defaults drop to pre-Covid level: Report

India Business News: Loans provided by fintech companies through digital platforms have shown improvement in delinquency ratio, with a rate of 3.6% in Sept 2023. West Beng

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NPCI working on Digital Payments Score to improve the credit identity of Indians

India is an under penetrated market when it comes to retail credit, even when Indian Fintech companies are witnessing substantial growth in loan disbursals. In the first quarter of this fiscal, these Fintech companies disbursed a total of 22.2 million loans, growing 30.6% from the previous year, said a report by Fintech Association for Consumer Empowerment (FACE).

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Diverse business models: Fintechs will need multiple SROs, industry

Diverse business models: Fintechs will need multiple SROs, industry
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Bjatinder handooSugandh saxenaFintech association for consumer empowermentPayments council of indiaFintech convergence councilDigital lenders association of indiaBlenders associationChief executive officer jatinder handooPayments councilFintech associationConsumer empowermentDigital lenders associationExecutive officer sugandh