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Fintechs jump onto digital lending frenzy as disbursement volumes double in FY23

Lending-focused companies dominated startup funding this year, attracting approximately a third of all investments. Paytm and BharatPe have also bolstered their management leadership in the lending verticals, as a substantial portion of their revenue stems from lending operations. ....

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In A Boost To Fintechs, RBI Releases Default Loss Guarantee Guidelines For Digital Lenders

RBI has released DLG guidelines for digital lending players, which are expected to boost the fintech players in the country. ....

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UPI credit line facility:  Taking digital lending to next level

This new facility will enhance the accessibility of credit to customers, and will also help MSMEs in obtaining credit in a hassle-free manner ....

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RBI to allow cross-border bill payments, bring credit info cos under Ombudsman scheme: Guv (Ld)

The Reserve Bank of India (RBI) will allow the Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments that will help senior citizens in India while their wards are overseas, said Governor Shaktikanta Das.The BBPS, an . ....

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Emergencies, medical key reasons for Indians to take loans from lending apps

Nearly nine in 10 customers in India use fintech lending apps to take loans for emergencies, medical and upskilling needs, a new report said on Thursday.More than two-thirds feel positive after taking a loan via digital means and 89 per cent . ....

Sugandh Saxena , Fintech Association For Consumer Empowerment , India Working Group , Sa Reserve Bank , Fintech Association , Consumer Empowerment , Reserve Bank ,