A slowdown in unsecured loan disbursals by banks and non-banking finance companies ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nbfcs” target=”_blank”>NBFCs) has impacted the financials of listed new-generation fintech firms like rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Paytm, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/mobikwik” target=”_blank”>MobiKwik and PB Fintech-run Paisabazaar.
These fintechs—which source loans through digital channels for their lending partners—have shifted their focus to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/secured-lending” target=”_blank”>secured lending and/or their core payments business to make up for a slowdown in their disbursals of unsecured consumer loans in the financial year 2025.
One 97 Communications, which runs ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms”>Paytm, reported a 19% quarter-on-quarter…
