Lendingtech sector in India is likely to come under renewed scrutiny of the RBI

August 1, 2022

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The lendingtech sector in India is likely to come under renewed scrutiny of the Reserve Bank of India (RBI) according to Boston Consulting Group (BCG).

It also stated that digital lending and online payments will be major themes shaping the future of the Indian fintech sector. According to BCG, lendingtech startups will lead the fintech space in terms of valuation by fiscal year 2024-24. (FY25). According to the report, lending startups will account for 35% of the total valuation profile of fintech startups by FY25, up from 13% in FY21. The consulting firm also advised lendingtech players to consider securitization and tapping into the debt market in order to reduce their cost of funds and yields. The cost of funds refers to the amount of money that businesses must spend in order to obtain funds to lend to their customers.

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Lendingtech sector in India is likely to come under renewed scrutiny of the RBI

August 1, 2022

, By Editorial Team

Tech

The lendingtech sector in India is likely to come under renewed scrutiny of the Reserve Bank of India (RBI) according to Boston Consulting Group (BCG).