The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing. Illustration: Dominic Xavier/Rediff.com Tucked away in the 'Report on Trend and Progress of......
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with......
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......
Wilful defaulters owe SBI Rs 80,000 crore as of June.10 nationalised banks are owed another Rs 1.5 trillion. Illustration: Uttam Ghosh/Rediff.com The outstanding amount due from wilful......
'The last year's growth is a foretaste of things to come in the retail credit market.' Illustration: Uttam Ghosh/Rediff.com Did you know that fintech lenders gave out Rs 29,875 crore (Rs......