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A former California governor candidate was also disciplined as the platform cracks down.
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News and Media
The microfinance sector is consolidating after a period of stress. Private banks and NBFC-MFIs have increased their lending portfolios. While the overall market saw a slight dip, early delinquency rates are improving. Experts anticipate a return to normal growth by the end of the first quarter of FY27. This marks an inflection point for the industry.
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News and Media
Credit card spending in India moderated in January to Rs 1.99 lakh crore, down from December's festival-led high but up over 8% year-on-year. This indicates a normalization of growth after a festive surge, with active card numbers rising to 116.6 million, though new additions slowed due to tighter underwriting and regulatory caution.
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News and Media
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