In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent). Illustration: Dominic......
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......
'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......
'Usually, customers who don't get loans from banks approach NBFCs.''This is one reason NBFCs price their loans costlier than PSBs or private banks.''NBFCs will have higher delinquencies levels than......
For a borrower, who has serviced his loan without missing any repayment, the banks will be willing to take over the loan, give a top-up, and would offer lower interest rates, says Tinesh Bhasin.......