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Consider same-day loans: RBI to fintechs
Business Standard
|October 12, 2024
Proposed product to target vendors, hawkers
The Reserve Bank of India (RBI) has indicated to fintechs that they should consider offering a "same-day" loan offering aimed at vendors and hawkers.
A "same-day" loan is disbursed and repaid within 24 hours and is intended to promote financial inclusion at the bottom of the pyramid. Sources said the need for such a scheme had figured in discussions with the central bank's fintech department.
Esta historia es de la edición October 12, 2024 de Business Standard.
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