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The RBI released a new regulatory framework to govern digital lending including lending through online platforms and mobile apps
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The RBI released a new regulatory framework to govern digital lending including lending through online platforms and mobile apps
With this move, the central bank looks to keep up with innovation in the fintech sector while staying wary of Big Tech.
Read the recommendations made by the working group set up by the RBI to study all aspects of digital lending.
In a speech, the deputy governor laid out risks posed by Big Tech and referred to some of the RBI's reforms that faced pushback.
Mastercard's non-compliance with data localisation norms laid down by the RBI had left Yes Bank with little choice.
The first two cohorts under the RBI's sandbox pertained to regulations on other issues like retail payments.
We missed this earlier: The Reserve Bank of India (RBI) on June 14 issued a consultative document prescribing new regulatory frameworks for various lenders in the...
Similar actions were taken against American Express and Diners Club in the past due to non-compliance with the RBI’s directives. RBL Bank Ltd said...
As the Indian consumer market shifted to online platforms to buy their goods during the last year, Buy-Now-Pay-Later (BNPL) or embedded finance options have...
The growth of digital lending fintechs, who act as service providers for customers or banks, will increasingly emerge as critical pieces in the financial...
