RBI just dropped a bomb on fintechs.
NBFCs can no longer pass off loan losses to digital partners like MobiKwik or Paytm.

From now on

NBFCs must fully provision for DLG-backed loans
Fintechs may lose origination volumes + income
Deadline: Sept 30

A major reset in the digital lending game. Who wins? Who loses?

#RBI #Fintech #NBFC