SBFC Finance Highlights Concerns on Retail Loan Quality Amidst Fintech Growth
In a recent statement, Aseem Dhru, Managing Director and CEO of SBFC Finance, voiced concern over the deteriorating quality of retail loans. He emphasized that the growth of fintechs and MFIs has also raised alarms regarding potential risks in the market. The Reserve Bank of India is closely monitoring this trend as it can impact not only the NBFCs but also the broader economy.
Implications for Financial Sector
The quality of retail loans is becoming more crucial as systematic investment plans (SIPs) and other financial instruments grow in popularity. Dhru urges financial stakeholders to remain vigilant.
Key Points to Watch
- The Reserve Bank of India’s role in regulation
- Trends among fintechs and MFIs
- The impact on retail loan interest rates
For those in the financial sector, it’s essential to keep an eye on how these developments unfold, as they could reshape lending practices and investment strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.