A closer look into the data on home loans highlighted, the shift is evident not only in the increase in average loan size but also in the distribution of loan originations by value. Loans in the range of Rs 5 lakh to Rs 35 lakh are now giving way to those falling in the Rs 35 lakh to Rs 75 lakh bracket.
Paytm scaled down one of its most popular credit products Paytm Postpaid in December. The impact of this on Paytms business became evident on January 19, when the company reported its December quarter financials.
Postpaid loan disbursement is expected to halve in the coming months, the company said. Investors were visibly upset, dragging the stock down almost 19% on Thursday.
The fintech company’s valuation certainly appears more reasonable after the price fall, but are all the risks fully priced in is the question investors should be asking