Wednesday, August 10, 2022

RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice

The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges payable to Lending Se...

No comments:

Post a Comment