Fintechs' lending biz is growing but industry must mind the warning signals

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Data from the Fintech Association for Consumer Empowerment (FACE) has it that in FY24 loans given out by these firms topped a whopping Rs 1,46,517 crore, up by 49 per cent year-on-year and spread over 101.9 million accounts (up 35 per cent).

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Category: BusinessFinance

Markets: India

Topics: Indian economy Fintech sector Financial Stability Report Finance sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 22:53:04 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 122 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21612729

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 229 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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