borrower

59% of borrowers received loan messages on WhatsApp; 18% understand data privacy guidelines: Home Credit India Survey

by
59% of borrowers received loan messages on WhatsApp; 18% understand data privacy guidelines: Home Credit India Survey

WhatsApp is emerging as an important channel for digital loan disbursal with 59% of borrowers having received loan messages on the instant messaging application, as per the annual survey ‘How India Borrows (HIB) Survey 2023’ by Home Credit India, the local arm of the global consumer finance provider.  The survey aims to understand the constantly … Read more

HFCs urge RBI to scrap strict asset classification guidelines

by
HFCs urge RBI to scrap strict asset classification guidelines

Mumbai: The Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, has appealed to the Reserve Bank of India Governor Shaktikanta Das and the National Housing Bank to do away with the stringent asset classification guidelines announced recently. In a two-page letter, HFCs have submitted that the new rules will force … Read more