All that glitters is not low-risk
Higher prices mean borrowers can raise more against the same jewelry.
Mayank Jain
The sovereign flywheel: AI brains, lending muscle
Forget payments infrastructure. India built credit infrastructure at population scale.
When collateral stops being the main character
For many small business owners, even with steady cash flow, every loan discussion comes down to one question: what collateral can you pledge?
An MPC meeting that chose restraint
The RBI kept the repo rate unchanged at 5.25% and retained its neutral stance, exactly in line with expectations.
Credit access has expanded. What next?
Building a financial system is a lot like building a product. Early on, the focus is on shipping features and onboarding users. Does it work? Can people sign up?
The changing job of credit
Credit is no longer just about growth or ambitions. For many people, it's becoming a financial response to life's curveballs.
Reading between the credit lines
When banks talk about growth, the number everyone focuses on is simple: how fast loans are rising.
Fraud has changed. Now verification must too.
Over the last six years, total losses from fraud and cheating cases are estimated at over ₹53,000 crore.
The next test for India's banking system
As 2025 closed, a trio of developments in Indian banking hinted at more than just another credit cycle
The Pattern No.185: India's financial system crossed a point of no return in 2025
FinTech's progress in 2025. And what it means for 2026
Google's new card shows where credit is headed next
Welcome to the 184th edition of The Pattern, a weekly newsletter where we dive into the latest from
What cheaper loans mean in a heavily indebted nation
If you're an Indian borrower today, two things are happening at once. Your home loan is getting cheaper.