India: Online lending startups thrive as banks with bad loans become cautious

India: Online lending startups thrive as banks with bad loans become cautious

Photo: Pradeep Gaur/Mint

Online lending start-ups such as Faircent, Wishfin and Loantap as well as large e-commerce firms are helping expand consumer credit at a time when banks burdened by bad loans have become cautious about lending.

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