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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source https://techcrunch.com/2023/12/06/indias-paytm-curbing-low-value-personal-loans-spells-bad-news-for-the-industry/
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