The digital lending industry in India has witnessed immense growth in recent years, posting a 12-fold increase in loan disbursement between 2017 and 2020.
While this rapid growth increased credit accessibility in the country, it also brought concerns regarding unregulated entities, illegal digital lending applications (DLAs) and coercive recovery tactics.
For further information, please contact:
Anu Tiwari – Partner (Co-Head – Fintech)
anu.tiwari@cyrilshroff.com
