RBI releases first set of norms for digital lending - Moneycontrol

The RBI in January 2021 set up a working group to study issues regarding digital lending and suggest regulations. In November 2021, the group proposed stricter norms for digital lenders, some of which have been accepted and others are being discussed

The Reserve Bank of India on August 10 released norms to regulate digital lending to crack down on the growing number of frauds and unlawful activities. All loan disbursals and repayments have to be… [+3856 chars]

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