The RBI will identify which NBFCs belong in the upper layer based on certain criteria, such as their asset size, market share, and interconnectedness with other financial institutions. The RBI will also review these criteria periodically to ensure that the upper layer includes the most systemically...
The idea of reducing cost of lending by a lending marketplace can only be met if the platforms become more and more inclusive on either end. Putting a bar on the secondary market will make it exclusive, rather than inclusive. See P2P India Report 2023 here Revamped Fraud Risk Management ...
Credgenics’ functional expertise helps in catering to the requirements swiftly and enhancing the borrower experience as a whole, to support our business priorities." Sajan Hegde Chief Collections & Fraud Control Officer, Finnable "SaveIN, India’s first fintech platform for healthcare, is...
NBFCs, in recent years, have achieved massive growth in the market. Recently, in a report published by the RBI, the NBFC’s shares contribution to the Indian economy increased to 29.1% in Feb 2023 from 16.4% in December 2022.NBFCs are at the forefront of financial inclusion within India ...