Fintechs haggle for a licence to survive
Arti Singh 9 min read 25 Apr 2023, 11:52 PM IST
- RBI’s lending norms have dealt a blow to many fintechs. An NBFC licence, now, is key to their business
- In Sept, the RBI issued guidelines to regulate digital lending operations. The first loss default guarantee model—the lifeline of fintech lending—was disallowed for unregulated entities
New Delhi: If you are interested in merger and acquisition deals, you may have noticed a trend in India’s fintech universe that has over 7,000 companies today.
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