India's Crackdown on Unsecured Loans Sends Shockwaves Through Fintech Industry
India's crackdown on unsecured loans is impacting fintech companies like Paytm, as the government tightens regulations to protect consumers. The move aims to address concerns over predatory lending practices and high interest rates charged by these companies. As a result, fintech firms are facing increased scrutiny and are being required to comply with stricter lending guidelines. This has led to a decline in loan disbursements and a slowdown in the growth of the sector.