Is RBI serious about regulating digital lending apps?

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The Reserve Bank of India has constituted a working committee to study regulated and unregulated digital lending apps. The development comes in the backdrop of predatory lending practices of unregulated apps hitting headlines. China had countered the problem of the unregulated digital lending sector way back in 2016.

We discuss with banking analyst S Narendra on what the RBI move can mean for the digital lending sector in India and what to learn from China.

#DigitalLendingApps #LoanApps #MoneyLendingApps #PersonalLoan #Fintech #PeerToPeerLending #RBI #CyberCrime
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Is p2p Lending Regulated by Rbi, Is RBI serious about regulating digital lending apps?.

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