Dismal loan recoveries leave lending startups in red zone - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Dismal loan recoveries leave lending startups in red zone

Most fintech lending companies that also hold non-banking financial company (NBFC) licenses are expected to take a significant hit to their loan books with repayment collections slowing down in the aftermath of the Covid-19 outbreak .

from Small Biz-Economic Times
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