A stress test awaits e-lending firms as bounce rate triples
A stress test awaits e-lending firms as bounce rate triples
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MUMBAI/NEW DELHI: Bounce rates at fintech lenders have nearly tripled in April, in an early indication of financial stress among consumers and small businesses.
The trend is worrying at a time when job losses and disruptions to cash flow are likely to set off defaults, shrink demand for credit and sober valuations for most fintech players. It also comes amid concerns over capital raising…
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