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RBI forms panel to suggest measures for promoting digital lending India Published: Wednesday, January 13, 2021, 19:05 [IST] Mumbai, Jan 13: Amid rising incidents of harassments relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. Representational Image The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications. "Against this backdrop, a Working Group (WG) is being set up t...

URL copied RBI sets up panel to suggest measures for promoting digital lending Amid rising incidents of harassment relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications. "Against this backdrop, a Working Group (WG) is being set up to study all aspects of digital lending activities in the regulated financia...

Representative Image RBI sets up Working Group to study all aspects of digital lending activities in regulated, unregulated financial sector ANI | Updated: Jan 13, 2021 18:01 IST New Delhi [India], January 13 (ANI): Reserve Bank of India (RBI) has set up a Working Group to 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. The Working Group will consist of both internal and external members, said RBI in a statement on Wednesday....

RBI exempts certain accounts from its new current account rules; here are the details Under the new rules, all the scheduled commercial banks and payments banks will be excluded from the RBI's August 6 circular when the regulator specified certain rules for opening of current accounts by banks. December 14, 2020 / 09:11 PM IST The RBI has allowed banks to open current accounts for real estate projects to maintain 70 percent advance payment from homebuyers. The Reserve Bank of India (RBI) on December 14 allowed certain exemptions in new current account rules which will come into effect from...