 "Nitish Kumar")
RBI categorises digital lenders into three groups, releases guidelines
The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged. Digital lenders are of three kinds: those regulated by the RBI; those authorised as per other statutory/regulatory provisions but not regulated by RBI; and entities lending outside the purview of any statutory/ regulatory provisions. Read more
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