You are here: Home » Finance » News » Others

FM to meet heads of PSBs on Monday; may urge them for credit growth

Business Standard

Small ticket, big business: Fintech firms see surge in instant loans

A recent report by CRIF High Mark has it that small-ticket personal loans contributed 50 per cent by volume in FY21

Fintech sector | Fintech firms | Instant loans

Raghu Mohan 

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding
Housing and other personal loans constituted 64 per cent of incremental credit during the last two financial years.

Can credit be handed out faster than Maggi noodles? Last Thursday, CASHe launched a WhatsApp-enabled service for instant credit, which V Raman Kumar — the fintech’s founder and chairman — claims is a first-of-its-kind, because “today’s smart consumers demand instant gratification and contactless support”.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, June 19 2022. 18:13 IST