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RBI sets up panel to suggest regulations on digital lending The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same BusinessToday.In | January 14, 2021 | Updated 20:08 IST Reserve Bank of India has formed a working group to suggest ways to efficiently regulate the booming digital lending space. The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same. "Digital lending has t...

The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.

Updated Jan 13, 2021 | 18:31 IST The working group will evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities RBI forms panel on digital lending including lending through online platforms, mobile apps  New Delhi: The Reserve Bank of India (RBI) on Wednesday (January 13) constituted a panel to study digital lending, including lending through online platforms and mobile apps. In its statement, the RBI said: "The Working Group (WG) is being set up to study all aspects of digital l...

Read more about RBI constitutes working group to develop and regulate digital lending on Business Standard. The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months

With frauds in digital lending space coming into sharp focus, the Reserve Bank of India has set up a working group to study digital lending activities of the regulated and unregulated players. The group will suggest steps to regulate digital lending including online lending platform and mobile lending. The recent spurt and popularity of online lending platforms/mobile lending apps have raised certain serious concerns which have wider systemic implications, RBI said in statement. The six-member panel comprised of four RBI internal and two external members is expected to submit its report wi...