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Below is Year Ending Quote By Prashant Muddu, Managing Director & CEO, Jocata “2022 has been a watershed moment for MSME digital lending in India with a dramatic growth in bank and fintech partnership and transformation of the entire MSME credit value chain, right from origination and servicing to collections. However, there have been three key shifts that define this moment. First is the rapid formalization and digitization of MSMEs, which is evident from the eight-fold increase...
Year Ending Quote : This year, we saw a 70-80% growth in credit demanded by MSMEs as compared to 2021 By Mr. Prashant Muddu, Jocata
Below is Quote on RBI Digital Lending Norms By Prashant Muddu, Managing Director & CEO, Jocata "While the current set of guidelines means a stricter compliance, it is in line with RBI’s aim to protect borrowers against players that are not genuine. These norms will ensure complete trust and transparency of customers, who often fall prey to illegal lending practices. Banks have always been cautious lenders when it comes to small ticket loans. This makes consumers turn to emer...
RBI Digital Lending Norms : These norms will ensure complete trust and transparency of customers Says Prashant Muddu, Jocata said
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