News RBI refuses to share whitelist of digital lending apps citing confidentiality: RTI Earlier in February, the Ministry of Finance told the parliament that a whitelist of permitted digital lending apps has been given by the RBI... Sarvesh MathiMay 9, 2023
News Google to ban digital lending apps from accessing user photos, contacts, location The new policy prohibits digital lending apps from accessing sensitive data of users and could help prevent unethical recovery practices Sarvesh MathiApril 10, 2023
News RBI asks banks to submit report on agreements entered with fintechs The Reserve Bank of India (RBI) appears to be checking adherence to the digital lending guidelines issued last September. Sarvesh MathiMarch 16, 2023
News What is India’s approach to regulating the FinTech sector? RBI Deputy Governor explains MK Jain, Deputy Governor of India's central bank, explains the various benefits and risks posed by FinTech and how India is trying to balance... Sarvesh MathiMarch 15, 2023
News Google refused to share details of lending app that blackmailed borrowers: Chennai police Google refused to share details of the creators of the app Wonder Loan that had threatened users of sharing their private moments on social... Sarvesh MathiFebruary 27, 2023
News Summary: RBI issues clarifications on digital lending guidelines The Reserve Bank of India answers FAQs on digital lending guidelines at a time when the Indian govt is clamping down on predatory digital... Sarvesh MathiFebruary 16, 2023
News India’s central bank cancels licenses of two financial companies for digital lending malpractices Reserve Bank of India has cancelled licenses of two Non-Banking Financial Companies on account of violation of its guidelines in their digital lending operations Sarvesh MathiFebruary 14, 2023
News Four questions that remain despite Indian govt revoking ban on some lending apps The Indian government has revoked the ban on at least seven digital lending apps inlcuding LazyPay, Kissht, and IndiaBulls Home Loans. Sarvesh MathiFebruary 13, 2023
News Explainer: Why India’s digital lending industry is worried After the recent ban on 94 lending apps, there is fear among the digital lending industry because anyone could be on the next ban... Sarvesh MathiFebruary 10, 2023
News Whitelist of approved digital lending apps sent to app stores: Finance Ministry A whitelist of legal apps is a significant step because it effectively disallows any lending app that is not approved by the RBI. Sarvesh MathiFebruary 9, 2023