Digital Lending

A shakeout among fintech firms is very likely, as the stress on governance and compliance is set to go up many notches

Data for quarter shows customers' trust and preference for fintech lending, says association

They say the rogue apps can come back using some other name or some forged documents

Threat to data privacy and cybercrimes are among risks for digital lending: Survey

The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030, a report showed on Tuesday.

Company aims to reach $100 mn in annual recurring revenue by March 2024 in South East Asia nations

Even as the ministry sources first said the crackdown was on illegal platforms with Chinese links, several Indian apps were blocked for downloading

Says central bank merely provided ministry a list of apps operated by regulated entities, had not suggested any ban

Some digital lending apps issued clarifications as the industry entered a panic mode after the Centre banned nearly 138 gambling apps and 94 loan apps over "Chinese linkage" concerns

Industry players and associations rush to MHA and Meity seeking clarity; Google reviewing govt request

India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information age

From Ranjeeth Bellary, Partner, EY Forensic & Integrity Services to Rajsri Rengan, HoD - Banking & Payments, India & Philippines, FIS here are panelists who will speak on Technology in Banking

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

From Airtel Payments Bank's COO Ganesh Ananthanarayanan to Parag Rao, Country Head for Payments Business, Consumer Fin, Digital Banking at HDFC Bank, here are panelists from digital & payment banks

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

The grievances, filed under RBI's integrated ombudsman scheme of 2021 between April 2021 and Nov 2022, also cite harassment by recovery agents

The usage of Paytm Super App has also hit another high as the company said its average monthly transacting users is at 84 million for the two months ended Nov 2022

The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them

Anonymity factor is critical for its acceptance, asserts Dinesh Khara