Fintech Nbfcs News Today

Happy Friday! New-age firms planning to go public are moving cautiously as stock market volatility remains a concern after the 2024 general election results. This and more in todays ETtech Morning Dispatch.

Borrowing rates for the firms are expected to climb by 15-25 basis points

The RBI has released a new annual report, called India Finance Report. This year’s theme is NBFCs, and the IFR focuses on NBFCs’ role in financial inclusion, rapid digitisation and emerging stresses in the sector

The increased diversity in borrower profiles is indicated by the fact that, in 2020, 49 per cent of first-time borrowers were less than 30 years old and 71 per cent were based in non-metro locations, while 24 per cent were women, according to a ...

Synopsis Non-bank lenders and housing finance companies catering to the self-employed are looking at fresh slippages, with initial estimates suggesting a rise in the portfolio at risk, a fall in loan pool sales and tepid loan collections. Cheque-bounce rates picked up in April, pointing to stress in the unsecured segment. Getty Images Microfinance and unsecured SME loan pools had reported the highest delinquencies last year after the end of the moratorium, followed by vehicle loan pools. MUMBAI...

Updated Jan 31, 2021 | 15:23 IST There is an expectation that this budget will emphasize the role of technology in delivering financial products and services and will include a continued commitment by the Government to invest in internet infra Representational image&nbsp COVID 19 has led to increased use of both digital payments and digital lending products. People have found transacting digitally is a contact-free and safer way to make payments and access financial produ...

January 21, 2021 The rapid growth in fintech lending has helped first time borrowers access formal credit channels. But loan repayment collections have been poor, leading to higher delinquencies or defaults for these lenders post the pandemic, according a report by TransUnion CIBIL and the Digital Lenders Association of India. While traditional lenders cater to different customer risk segments, fintech lenders operate in a lean mode primarily acquiring higher-risk customers through smartphones....