Microfinance business is significantly impacting small finance banks like ESAF, Suryoday, and Utkarsh, with nearly a fifth of their microloan books under severe stress. This deterioration in asset quality, driven by high unsecured microloans, is weighing heavily on their profitability and has led to rating downgrades and losses for some.
Paisalo Digital bets on AI and Nvidia chips to double its loan book in 3 years
Paisalo Digital is aggressively pursuing a technology-first strategy, aiming to double its loan book in three years while maintaining a healthy net interest margin. The