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In the revised Code of Conduct, FACE has brought in additional good practices in each section to raise the bar of responsible lending, said Sugandh Saxena.
After the central bank tightened its digital lending guidelines in September, fintech companies have started to acquire small NBFCs or seek NBFC licences.
Prior to this, Axis Bank, in a regulatory filing had said it would acquire 8,921 equity shares, equivalent to 5.09 per cent, of face value of Rs 10 each, for Rs 55 crore in CredAble.
In this episode, Jeremy McLaughlin and Justin Wales discuss the state of the cryptocurrency industry, the allure of NFTs, the potential impact of industry regulation, concerns about money laundering, and more.
Masyarakat diimbau menggunakan fintech lending yang sudah terdaftar/berizin OJK.