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Business operations of fintech NBFCs, MFIs to take a hit after RBI diktat

By Economic Times - a month ago
The RBI's directive to halt operations of four non-bank lenders, due to concerns about loan pricing practices, will significantly impact mid and small-sized NBFCs focused on unsecured loans, exacerbating their liquidity constraints and asset quality challenges amid rising delinquencies and overleveraging issues.

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