Requiring lending through DLAs/ LSPs to be reported to credit bureaus. Innovation has allowed new ways for credit delivery to be fashioned, and the RBI guidelines now ensure that any abuse by the players involved is prevented and the borrower is secure. It is clear that the same will apply ...
Reserve Bank of India (RBI) Governor Shaktikanta Das on January 11saidthat the central bank shared a list of official digital lending apps with the Ministry of Electronics and Information Technology (MeitY) and the Ministry has published the same on its website.We were, however, unable to loc...
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 ...
Some of the guidelines laid down by the Central Bank state that their CBDCs would be cash-like, non-interest-bearing distributions of digital currency to the general public, which would be completed by the financial intermediaries; and some of the conditions for converting CBDCs would be ...
3 Potential estimate of economic value from ow-based lending, plus economic value created through digital payments. 4 Excluding e ects of business digitisation in nancial services, agriculture, education, retail, logistics, ener...