RBI asks banks to submit report on agreements entered with fintechs
India's central bank is asking banks to submit a report on the various agreements they have with fintech companies.
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India's central bank is asking banks to submit a report on the various agreements they have with fintech companies.
The latest RBI amendment in the securitisation norms is likely to hit fintechs, BNPL players and microfinance institutions.
On December 5, 2022, the Reserve Bank of India announced revisions to the Master Direction - Reserve Bank of India i.e., Securitisation of Standard Assets Directions, 2021.
RBI amended its Master Directions on Securitisation of Standard Assets to disallow securitisation of loans with less than 365 days of residual maturity.
The RBI has announced a new regulatory framework for digital lending in India – to be implemented with immediate effect.