digital lending guidelines RBI

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 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…

MUMBAI: The Reserve Bank of India will soon come out with the guidelines on digital lending, Deputy Governor M Rajeshwar Rao said on Thursday. In November last year, the working group on digital lending, including lending through online…