digital lending guidelines

Open data will become wider in scope, creating a level playing field for fintechs with traditional lenders. For MSME borrowers seeking business loans, those with credit scores higher than 700 are catered to more by fintechs than by other…

Last Updated: February 16, 2023, 13:11 ISTOn recovery agents, the FAQs said that at the time of sanction of loan, the borrower may be conveyed the name of empanelled agents authorised to contact the borrower in case of loan default.…

The Reserve Bank of India in a set of FAQs on digital lending guidelines has clarified that payment aggregators acting as loan service providers (LSP) cannot handle funds between the lender and the borrower. ET had earlier reported that…

Last year the Reserve Bank of India issued guidelines on digital lending to protect customers from a range of issues including exorbitant interest rates by certain entities, data protection and grievance redressal. It also aimed to check…

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To allow for a smooth transition to the new digital lending guidelines, the Reserve Bank of India on Friday said all entities under it had until November 30 to ensure all existing digital loans abide by the new rules. The regulator…

The Reserve Bank of India's (RBI's) latest digital lending guidelines has stepped up pressure on new age lending businesses, forcing them to focus on their non-banking financial company (NBFC) units and book building, as the regulator gives…