“The new regulatory measures from RBI certainly make everyone anxious and NBFCs will now do well to closely monitor their margins. The regulator is wary of multiple loans to individuals that are mostly happening in the digital lending space where the end use of the loan isn’t always crystal clear. I think most of the established NBFCs and banks are mindful of it and exercise fair control over their portfolio. Today, credit decisions rely heavily on data from the bureau and hence I believe there is no need to panic. The RBI must be having more data analytics and insight, maybe proactively drawing attention to the issue which is a good idea since it’s better to err on the side of caution.”
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Datacultr successfully enabled NBFCs to disburse loans worth INR 500 Cr in the last 12 months
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