Given crowded trades across asset classes as investor behaviour is far from what is assumed in traditional finance models, they need to be cautious on the unknowns and tread the market carefully
Large NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no longer provide capital for the highly risky buy-now-pay-later (BNPL) and very small ticket size consumer loans, according to the people cited above.
Consumer lending firms are set for difficult days ahead as a central bank diktat on reining in unsecured loans has choked off much-needed credit lines.
Budget 2022: ECLGS scheme extended till March 2023 for MSMEs; guarantee limit enhanced to Rs 5 lakh cr : Rashtra News #Budget #ECLGS #scheme #extended #March #MSMEs #guarantee #limit #enhanced #lakh Credit and Finance for MSMEs: ECLGS has provided the much-needed additional credit to more than 130 lakh MSMEs. This has helped them mitigate the […]