Fintechs lending to high-risk segments even as banks, lenders clamp down on unsecured loans

A study by Equifax and Small Industries Development Bank of India (Sidbi) put the ratio of bad loans in the personal segment at 6.15% for fintechs, in December 2019, way above the 0.71% for the industry.

from Banking & Finance – The Financial Express https://ift.tt/39XnYYo