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RBI guidelines may lead to high compliance cost for digital lending apps

Industry associations are likely to approach the RBI to weed out any interpretational ambiguity

Topics
digital lending | lending | finance sector

Subrata Panda & Peerzada Abrar  |  Mumbai/Bengaluru 



lending
Illustration: Ajay Mohanty

The fintech universe is looking positively at the framework brought in by the Reserve Bank of India (RBI) because the strict norms are likely to address the problem of illegal entities to economically weak people.

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First Published: Thu, August 11 2022. 23:15 IST

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