RBI governor says fintechs help bridge India’s small-business credit gap, businessline reports
Businessline reports that RBI Governor Sanjay Malhotra credited fintechs with reaching millions of small businesses long invisible to traditional underwriting models.
TLDR
Fintechs are helping bridge India’s credit gap for micro, small and medium-sized enterprises, RBI Governor Sanjay Malhotra said, businessline reports. He credited them with extending formal, “collateral-like” credit to millions of small businesses that had been invisible to traditional underwriting models for decades.
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