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Fintechs may shift to secure products after RBI order on consumer loans

Fintechs may shift to secure products after RBI order on consumer loans
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Transunion cibil

Fintechs may shift to secure products after RBI order on consumer loans

Fintech companies believe that the impact of Reserve Bank of India s order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform said Yogi Sadana, the founder of Zype, a lending-focussed fintech.

Uttam ghosh rediffBjatinder handooTransunion cibilMadhusudan ekambaramDigital lenders association of indiaReserve bankYogi sadanaBusiness standardDigital lenders association

fraud: North India leads in fraud credit applications, banks concerned over credit appraisal process of FinTechs

Borrowers from Delhi, Haryana, and Uttar Pradesh lead in fraudulent loan applications, particularly in the below INR 50,000 segment, according to a white paper by credit bureau Experian. The report highlights concerns about the credit appraisal processes of fintech companies, with millennials and postgraduates showing high rates of application fraud.

Uttar pradeshTransunion cibilExperian hunterIndian banker associationPunjab national bankPunjab nationalReserve bankSustainable fintech portfolioNew ageReserve bank of indiaBank of barodaNorth india

Why converting purchases to EMIs may no longer get you a discount

Banks push customers to convert their shopping purchases to EMIs but this carries interest and other charges.

November cibilTransunion cibilDeepak raghawAdhil shettyBajaj financeCashless consumerView full imageShopping purchasesNon banking financial companiesCredit risk

Indian banks capital adequacy: RBI move on risky credit to hit loan growth: S&P Global

"Slower loan growth and an increased emphasis on risk management will likely support asset quality in the Indian banking system," said S&P Global Ratings credit analyst Geeta Chugh.

Transunion cibilDeepali seth chhabriaGeeta chughReserve bankDeepali sethIndian banks capital adequacyReserve bank of indiaReserve bank of india s

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