Fintech companies that give loans to individuals are growing briskly, but a key question they face is how to maintain asset quality and turn profitable.
Non-banking finance company InCred Finance expects the consumer lending space in India to grow by 15% to 20% annually despite rising stress in the portfolio.
The private lender s portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between Rs 10 lakhs and 12 lakhs. The bank reportedly invited offers in cash by December 2.
The private lender s portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between ₹10 lakhs and 12 lakhs. The bank invited offers in cash by December 2, the people cited above said.