Digital Lending

Borrowers may soon tap formal credit via ULI app across lending segments

RBI Innovation Hub is building a ULI app to bring digital lending to smartphones, offering borrowers multiple loan options on a single platform

What Happens When Compliance Staff Becomes 25% of Your Workforce

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Lentra appoints former TransUnion CIBIL chief Rajesh Rathanchand as CEO

Lentra names former TransUnion CIBIL chief Rajesh Rathanchand as CEO to drive growth and strengthen credit risk and analytics capabilities

Digital lending boom raises risks if credit poorly underwritten: RBI DG

RBI Deputy Governor Swaminathan J cautions that while digital lending and platform-based models expand financial access, weak credit underwriting could deepen borrower distress

Is UGRO Capital your next growth stock? Elara says 'Buy', 66% upside eyed

Elara Capital has initiated coverage on UGRO Capital with a Buy rating and a target price of ₹226, based on 1.2x FY27E book value

Govt blocks 87 illegal loan lending applications after due process

The government on Monday said a total of 87 illegal loan lending applications have been blocked after following the due process. "Ministry of Electronics and Information Technology (MeitY) is empowered to issue blocking directions to block the Information for public access under section 69A of the Information Technology Act 2000. "So far, after following the due process, MeitY has blocked a total of 87 illegal loan lending applications under section 69A of the Information Technology Act 2000," Minister of State for Corporate Affairs Harsh Malhotra informed Lok Sabha on Monday. In a written reply, he also said that regulatory action for inquiry, inspection of books of accounts and investigation under the Companies Act, 2013 is taken from time to time against companies, including the ones indulged in online lending activities through loan apps. "Whenever any violation under the Companies Act, 2013 is found on the basis of the above, an appropriate legal action is taken," he said. Th

Your credit is easier to steal than your money: How online lending works

A simple 'Buy now, pay later' click can trigger a full loan without consent. Weak verification, no alerts, and instant disbursals are fuelling identity fraud in India's digital lending ecosystem

ULI 'turning point' in providing affordable credit: RBI deputy governor

Upcoming digital platform has the potential to achieve transformative impact of UPI, says Swaminathan J

A fine balance for fintech as investors put compliance ahead of valuation

Industry that was touted to overtake legacy banks and financial institutions gets wake-up call

Avoiding fraudulent loan apps: RBI listing, ratings & reviews key to safety

Loans from registered NBFCs or banks come with a key fact statement (KFS), a sanction letter, and a loan agreement detailing all costs

DFS Secretary urges fast-tracking of government data integration with ULI

ULI, seen as the UPI of credit, gets a push from the DFS and RBI, which have asked ministries and states to onboard datasets for seamless and inclusive credit delivery

More Than Money PayRupik is Lending Hope

In a world where credit equals opportunity, PayRupik - backed by Sayyam Investments is empowering 5 million+ Indians with swift, inclusive loans and life-changing community support.

RBI mandates reporting of digital lending apps via CIMS portal from May 13

RBI directs regulated entities to upload digital lending app data on the CIMS portal by June 15 to enhance transparency and streamline digital lending regulations

Namma Yatri drivers are also early pilots for unified lending interface

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency

Soon, unregulated loan apps may be banned with Rs 1 cr penalty, 10-yr jail

A definition of "unregulated lending activities" to cover loans offered outside the scope of existing regulations, including digital lending platforms

ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit

BS BFSI Summit: RBI is actively working to link UPI with other countries, aiming for global acceptance that would allow Indians abroad to make payments using UPI, said RBI Deputy Governor

Self-regulatory organisation for fintechs set to change membership profile

FACE's membership may expand to 180 from 80 as it diversifies and becomes more inclusive

India needs to bridge the digital divide in villages for development

Access to banking, investment, credit and commerce has to be simplified in villages. A network of technology and local trust will help financial inclusion

Lending takes turn for U: How new credit platform can be a game changer

Moving pieces need to be synchronised for Unified Lending Interface to work

Ease of lending: How Unified Lending Interface will improve credit access

Seamless delivery of credit and a quicker turnaround time without requiring extensive documentation will benefit both borrowers and lenders