lenders

Credit cards show signs of drop in slippages, lenders maintain vigil, ET BFSI

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Credit cards show signs of drop in slippages, lenders maintain vigil, ET BFSI

Credit cards show signs of drop in slippages, lenders maintain vigil The impact of tighter credit filters over the past two years is beginning to reflect in lenders’ portfolios, as weaker cohorts transition into non-performing loans (NPLs) or impaired categories, leading to an eventual reduction in credit costs, according to industry insights. Recent results from … Read more

India’s P2P lenders face existential crisis amidst regulatory crackdown, ET BFSI

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India’s P2P lenders face existential crisis amidst regulatory crackdown, ET BFSI

India’s P2P lenders face existential crisis amidst regulatory crackdown The Reserve Bank of India’s (RBI) recent penalties on four major P2P platforms—Rang De, Faircent, Financepeer, and Finzy—highlight systemic non-compliance, weak corporate governance, and regulatory violations. A model designed to democratize credit is now at risk of becoming a breeding ground for financial mismanagement and ethical … Read more