India’s Paytm curbing low-value personal loans spells bad news for the industry TechCrunch

Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns […]

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 Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns
© 2023 TechCrunch. All rights reserved. For personal use only.  Read More TechCrunch Fintech, india, Paytm, RBI 

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