Digital lenders’ loan disbursals rise 27% in first quarter: Report

Loans disbursed by digital lenders have risen by 27% to Rs 37,676 crore, according to a report released by the Fintech Association for Consumer Empowerment (FACE), an RBI-recognised Self-Regulatory Organisation in the Fintech sector (SRO-FT). However, this represents a 5% decrease compared to the fourth quarter of the previous fiscal year, with nearly half of the companies reporting a decline in disbursements due to seasonal trends.