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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.

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