India's new digital lending rules disrupted fin-techs like Slice, UNI, more; firms plan strong pushback
India's digital lending market has grown quickly and facilitated $2.2 billion in digital loans in 2021-22, with startups attracting foreign backers and giving traditional banks a run for their money in the credit business.
Aug 26, 2022, 18:22 PM IST
Online lending platforms offering loans at exorbitant rates: HC asks RBI to file status report
The Delhi High Court asked the RBI to file a status report on the steps taken for implementation of a committee's report to look into the issue of online lending platforms offering short-term personal loans at exorbitant interest rates through mobile apps.
Apr 06, 2022, 20:08 PM IST
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.
Mar 30, 2022, 11:56 AM IST
RBI working group suggests separate law to prevent illegal digital lending via apps
The RBI working group has suggested the enactment of separate legislation to prevent illegal digital lending through apps.
Nov 18, 2021, 20:57 PM IST
Reserve Bank forms panel to suggest measures for promoting orderly growth of digital lending
The Reserve Bank of India said, "Recent spurt and popularity of online lending platforms/mobile lending apps (‘digital lending’) has raised certain serious concerns which have wider systemic implications."As per the Terms of Reference (ToR) for the WG, it has been asked to evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities, and "identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers".
Jan 13, 2021, 20:56 PM IST
