As a watchdog for the lending ecosystem in India, the RBI emphasized on the need for digital lenders to ensure full transparency while offering products through digital platforms
New digital lending rules: The revised digital lending guidelines aim to smoothen the digital lending process and also protect consumers from unusually high-interest rates of the lenders.
Nepalis can now borrow up to 500,000 rupees ($4,140) from their banks over the internet, and save themselves a trip to the banking office. On February 11, Nepal Rastra Bank issued the Digital Lending Guidelines 2022 allowing customers to obtain loans of up to 500,000 rupees from the digital platforms of their banks or from e-wallet from the comfort of their homes or anywhere else.