Digital Retail Lending

Banks mostly go for larger loans, which are relatively safer. Digital lenders opt for smaller loans, much of it unsecured, says Ashok Hariharan, founder of IDfy

India's household debt has climbed to a record level, with app-based lenders driving much of the growth through high-cost, short-term loans

While long-term measures are required to build a digital organisation and culture, steps can be taken immediately to not only prevent a widening of the gap but narrow it down

Digital retail lending has seen explosive growth both globally and in the country, a report by the Boston Consulting Group (BCG) said