This adds to recent restrictions, where the RBI through a guideline put an end to the loading of PPIs through credit lines, another common model that was in use to offer BNPL. Co-lending models are an exception: Yet another exception under the DL guidelines is for co-lending models, ...
India is on the verge of a digital lending revolution and making sure that this lending is done responsibly can ensure the fruits of this revolution are realized. As several players have access to sensitive consumer data, there must be clear guidelines around, for example, the type of data ...
The RBI isalso runningpilot experiments with using the Central Bank Digital Currency (CBDC) to provide credit to tenant farmers, who often struggle to access agricultural credit as they do not have the land title to submit to banks or lending institutions. The PM also referred to an unnamed e...