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NBFC, fintechs’ micro loan play catches regulatory attention
October 24, 2025
|Business Standard
“Not having access to a robust KYC (know your customer) is also a policy issue as Voter ID is not foolproof and can lead to over indebtedness despite all precautions in underwriting,” said a source.
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Increase in indebtedness of borrowers was one of the reasons for the regulator to come down hard and impose business restrictions on two micro lenders last year. The ban was subsequentiy lifted.
هذه القصة من طبعة October 24, 2025 من Business Standard.
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