scorecardresearchDigital lending norms to protect consumers’ interest, says RBI deputy governor

Digital lending norms to protect consumers’ interest, says RBI deputy governor

Updated: 09 Sep 2022, 10:47 AM IST
TL;DR.
The banking regulator on August 10 issued guidelines for digital lending to mitigate concerns from credit delivery through such lending.
The RBI has specified that the lending business can only be carried out by regulated entities or those permitted under law.

The RBI has specified that the lending business can only be carried out by regulated entities or those permitted under law.