Paytm to cut small personal loans
Mint Mumbai|December 07, 2023
Paytm will issue fewer sub-₹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.
Paytm to cut small personal loans

The non-bank lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting "good demand" for loans of more than ₹50,000.

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