Fintech firms seek six month-extension to comply with RBI credit line norms

RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines

Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo
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BS Web Team New Delhi
Fintech firms will seek an extension of at least six months to comply with the latest mandate of the Reserve Bank of India, which barred non-bank wallets and prepaid cards from offering credit lines on fintech platforms. 
 
In a meeting held on Thursday arranged by the Digital Lenders Association of India (DLAI), two people agreed that the request for an extension

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First Published: Jun 24 2022 | 2:57 PM IST

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