India's Paytm to curtail low-value personal loans after RBI clampdown

India's Paytm to curtail low-value personal loans after RBI clampdown

FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

India’s Paytm will issue fewer sub-Rs 50,000 (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on consumer lending after a surge in demand.

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