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RBI regulations on fin-tech

26 Aug 2022

India's digital lending rules spark disruption, firms plan strong pushback

India's stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms India's digital lending market has grown quickly and facilitated $2.2 billion in digital loans in 2021-22. RBI has said fin-tech firms should recover charges of facilitating a digital loan from their banking partners, not the borrowers. Fin-tech firms are worried, and fear more regulations are on the way.

digital lending

06 Apr 2022

Online lending platforms offering loans at exorbitant rates: Delhi HC

The court said, “let respondent file status report on steps taken for implementation of report before next hearing”. The court listed the matter for further hearing on July 20. The court was hearing the petition filed by Telangana-based Dharanidhar Karimojji.

30 Mar 2022

Perfios declared as the Best Brands of 2021

The recognition is conferred to those brands that command mind awareness, recall success, popularity, and the benefit of instant association, even among consumers who do not frequently buy their products.

18 Nov 2021

RBI working group suggests separate law to prevent illegal app-based loans

The panel also made several other suggestions to regulate digital lending. The working group was constituted by RBI in January 2021. The group was tasked with issues related to digital lending, including lending through online platforms and mobile apps.

Reserve Bank of India

21 Jan 2021

RBI forms panel to suggest measures for promoting growth of digital lending

The RBI panel has also been asked to suggest regulatory changes, if any, to promote the orderly growth of digital lending It has to recommend measures for the expansion of specific regulatory or statutory perimeter and suggest the role of various regulatory and government agencies The panel would also recommend robust fair practices code for digital lending players and suggesting measures for enhanced consumer protection

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