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nbfc credit: Unsecured loans in focus, fintechs see NBFC credit taps drying up

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. ....

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Fintechs to go slow on small personal loans

Fintechs to go slow on small personal loans
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Driven by sharp rise in personal loans, retail loans surpass corporate credit

Small ticket personal loans have seen four-fold jump in last two years ....

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consumer lending: Consumer lending to grow 15-20% annually despite headwinds: InCred Finance

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. ....

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incred: InCred set to secure Rs 500 crore in equity funding from a clutch of investors, join unicorn club

In a release issued on Thursday, the lending company said that it has already received the full commitment and post the closure of the round, will achieve a valuation of a billion dollars, thereby entering the unicorn club. The release, however, did not name any of the investors. ....

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