Digital Lending

Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.The report on…

A U.S. judge on Friday ruled that an online library operated by the nonprofit organization Internet Archive had infringed the copyrights of four major U.S. publishers by lending out digitally scanned copies of the books.The ruling by U.S.…

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 Updated: January 25, 2023, 13:06 ISTThe Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1.The digital lending sector in 2022 saw the RBI putting in place norms to curb rising malpractices in the…

Google has been directed by the Ministry of Electronics and Information Technology (MeitY) and the RBI to introduce strict norms to curb the use of illegal digital lending applications in the country, according to a report. The central…

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<!-- -->India to prepare a list of approved of digital lending appsThe Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the…

MUMBAI: Reserve Bank of India deputy governor M Rajeshwar Rao on Thursday said the recently released digital lendingnorms are designed to end regulatory arbitrage and protect customers. Speaking at an event organised by industry body…