India Business News: The Reserve Bank of India (RBI) is closely monitoring the strong growth in personal loans and is concerned about any potential stress in that segment.
Services like co-lending, payments, cross selling of financial products depend on multiple companies working together. With the DPDP Act those partnerships will need to be relooked.
Growing popularity of smartphones, video consumption, and other multimedia services will continue to drive demand for data services and counteract any decline in voice service revenue.
FACE has dozens of digital lenders as its members, including players like Fibe, Kissht, LoanTap, Cashe, KreditBee, Paynearby, and Paisabazaar. At the association s AGM on Friday, Naveen Kukreja, founder & CEO of PaisaBazaar, and Ashish Goyal, founder & CFO of Fibe, were elected member directors.
Trading volumes in corporate bonds are a sliver of what is witnessed in the government bond market even today. Fintech platforms like IndiaBonds are trying to change this by bringing in more retail participation