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Digital Lenders

RBI Issues Official Guidelines For Digital Lending, Effective Immediately

The new guidelines issued by the Reserve Bank of India aims to protect borrowers from unscrupulous lending practices. It says that all loan/disbursals/payments are to be executed only between the bank accounts of the...

03 September 2022

digital lenders

Be Wary Of Malice From Digital Lenders

There are many online lending apps, but not all are genuine. Here are how you can spot the red flags.


STICK TO YOUR LANE, RBI DIRECTS DIGITAL LENDERS WHILE RELEASING REGULATORY FRAMEWORK

Besides classifying digital lenders into three categories, the guidelines specify how financial companies should disclose all-inclusive costs of borrowers and take their explicit permission before gathering data

10 August 2022

RBI Governor Das Warns Digital Lenders To Operate Within Permitted Territory

Last month, the RBI issued a directive asking non-bank fintech not to provide credit lines onto prepaid payment instruments (PPIs) like wallets and prepaid cards

22 July 2022

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