The new RBI digital lending norms came up due to concerns around business conduct and customer protection, amid a rising case of rogue behaviour by digital lending applications. The RBI is now trying to bring in guidelines...
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
Indian fintech startup suspends card services after RBI guidelines on digital lending
Last month, RBI had asked non-bank Prepaid Payment Instrument (PPI) issuers not to load their wallets and cards from credit lines or preset borrowing limits