Business Standard

Saturday, February 15, 2025 | 01:54 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

RBI constitutes working group to develop and regulate digital lending

The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months

Reserve Bank of India, RBI
Premium

Subrata PandaAbhijit Lele Mumbai
With frauds in digital lending space coming into sharp relief, the Reserve Bank of India (RBI) on Wednesday constituted a working group to develop and regulate digital lending, including lending through online platforms and mobile applications (apps).

The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players, said the RBI. “Recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications,” said the RBI in a statement.

The six-member panel comprising four RBI internal members and two external members is expected

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in