Tuesday, May 7, 2024

Aditya Birla Finance, others may have invoked Paytm’s loan guarantees

Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challenges post central bank's ban. Changes in top management. Reduced consumer loan portfolio to less than 1%.

from Tech-Economic Times
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