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Get latest articles and stories on Latest News at LatestLY. The Reserve Bank's modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities and also check unethical loan recovery practices will come into effect from Thursday. Latest News | RBI's Modified Digital Lending Norms to Come in Effect from Dec 1.
The RBI has announced a new regulatory framework for digital lending in India – to be implemented with immediate effect.
A regulatory framework has been made available by the banking authority for fintech companies.
The Reserve Bank of India has published guidelines that it intends to enforce for digital lending firms, recommending more transparency and control to customers.
The published RBI regulatory framework is for lending entities that are regulated by the RBI and permitted to carry out lending business