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Your next loan may have a non-bank name on it
The landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs and fintech firms are not just leading originations by both volume and value; they are redefining lending opportunities as the economy continues to develop. Banks are still integral, providing necessary funding to NBFCs and utilizing securitization, contributing to a dynamic credit ecosystem with expanded avenues for access.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Gold loans, consumer durables drive NBFC credit growth to 14.9% in July
Non-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expansion. Gold loans surged 68.5 percent and…
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Your next loan may have a non-bank name on it
The landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs and fintech firms are not just leading…