The Reserve Bank of India (RBI) has rolled out new master directions to enhance consumer protection in the digital lending space, including mandatory digitally signed loan document...
The account aggregator system has achieved a 12% monthly growth in consents, facilitating loans worth over Rs 1.3 lakh crore by December 2024. With over 14.3 crore borrower consent...
Purchasing mobile phones on EMI has become a crucial step for individuals in the informal sector to enter the formal credit system, establishing a credit history and facilitating a...
Recent data shows a significant increase in default rates for personal loans under Rs 10,000, with a peak in delinquencies among loans issued between December 2023 and June 2024. N...
