The financial lending industry has witnessed aggressive disruptions in recent times owing to the pandemic. Other than the increased need for end-to-end digitisation, plenty of other essential lending trends surfaced in 2020 to date. Consumer lending overall noticed a tremendous spur as people tried to keep up with the effects of the pandemic. With job […]
India is on the verge of astounding economic growth, with nearly 55 to 60 million MSMEs contributing to the employment and GDP of the country. However, this growth story faces a challenge from the lack of access to formal credit. Nearly 40% of the credit requirements are fulfilled through the informal channel, where interest rates […]
In the wake of the second wave of the COVID outbreak, the Indian economy has been heavily impacted. Millions are jobless, businesses are bearing the brunt, and consumers are shying away from heavy expenditures, to name a few implications. Therefore, to reinvigorate the economy and prevent the downturn, the Government of India (GoI) has introduced […]
The pandemic has not only redefined public health concerns but also shuffled economies. Even when lockdowns wane, consumers struggle to regain a foothold on finances and cut back on discretionary spending. Consequently, newer lending trends in sync with time are bound to rise. Digital financial services, for instance, are in the spotlight due to the […]
