Chola Reenters Digital Lending With In-House Platform
Cholamandalam Investment and Finance Company is re-entering digital lending with a fully-in-house platform after ending fintech partnerships in 2024, CEO Ravindra Kumar Kundu told Mint. The curated channel disburses ₹75–100 crore monthly with ₹1–2 lakh ticket sizes and is offered only to existing customers, aligning with India’s tighter Digital Lending Directions 2025. The move aims to improve compliance, underwriting quality, and support AI-driven credit expansion.
Key Points
- 1Re-enters digital lending with end-to-end in-house platform, disbursing ₹75–100 crore monthly.
- 2Responds to RBI Digital Lending Directions 2025 and compliance issues from fintech partnerships.
- 3Targets existing customers only with ₹1–2 lakh tickets, enabling higher underwriting control and quality.
Scoring Rationale
Relevant company-level strategic shift with credible data, but limited novelty and primarily affects Indian NBFCs rather than global market.
Sources
Public references used for this report.
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