Context:
As the Reserve Bank of India (RBI) tightens screws on unsecured lending, digital lenders are diversifying into secured lending with products like micro loans against property, business loans for MSMEs and green financing.
Key Highlights:
- Fintech firms are opening their physical branches along having more feet in the street for physical checks and documentation of collaterals.
- Repeatedly RBI pointed toward the increased risks in the unsecured segment and gave directions for being careful in giving personal loans to consumers.
Digital lenders
Digital lenders are institutions that offer loans through digital channels, such as mobile apps or websites, rather than traditional in-person methods. Digital lending uses technology to automate and streamline the lending process, from application
