Welcome to the world of facts and news: For many fintechs, NBFC tag may be elusive

For many fintechs, NBFC tag may be elusive

An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.

from Tech-Economic Times https://ift.tt/9jrIOKn
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