Good News RBI tightens rules on digital lending services to protect customers

[Bapun]

India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy.

India’s RBI Tightens Rules on Digital Lending After Complaints

India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy.

www.bloomberg.com