India covid-19 pandemic Government India

Covid financial crunch hits easy loans

Reading now: 555
www.livemint.com

liquidity issues due to lean cash reserves, which would lead to consolidation in the market. But it is also a huge opportunity for digital lending platforms since a lot of consumers would shift from offline to online propositions," he said.Offering an alternativeWhile the short-term outlook looks bleak, according to Ekambaram, fintech lending apps have provided an alternative to customers to whom banks didn’t traditionally lend, and this trend is likely to continue, even strengthen.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA