Page 5 - Digital Lending

Digital lending norms aim to protect customer interest: RBI's Rao

Deputy Governor says guidelines issued on August 10 aim to curb exploitation of regulatory arbitrage

Top headlines: India's first nasal vaccine for Covid-19; new seat belt rule

Business Standard brings you the top headlines at this hour

Comply with digital lending norms for existing loans by Nov 30: RBI

Guidelines applicable to new and existing customers taking fresh loans

RBI's digital lending guidelines: A tectonic shift in the fintech world

With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival

Credit risk and reward: P2P offers returns but needs cautious investments

Limit your allocation to 5-10% of your fixed-income portfolio and stick to highly-rated borrowers

Digital lenders seek clarifications from RBI on end-use cases, APR

There are reports that payment aggregators are also looking to knock on the RBI doors as their role has been eliminated

Payment aggregators to approach RBI regarding new digital lending rules

Under the new rules, the loans can go directly from regulated entities like banks to the customer accounts. This has eliminated the requirement of payment aggregators in these transactions

MeitY in talks with Play Store on digital lending app malpractices

The developments come a week after the Reserve Bank of India recommended a law for Banning of Unregulated Lending Activities (BULA) to safeguard borrowers

Uni Cards suspends services days after RBI tightens digital lending norms

"This process will begin in phases for our customers starting today and will be concluded by Monday," the company stated

Explained: What are RBI's new norms for digital lending in India?

Digital lending involves giving and recovering loans through web platforms or mobile apps. Here are the new regulations and why they have been introduced

India aims to copy China, but unbridled digital lending off policy agenda

The Reserve Bank of India's recently released guidelines for app-based loans show a clear desire to rein in the industry after its pandemic-era excesses

The path to greater financial inclusion

Data for 2021 suggest that at least 76 per cent of the global population holds a bank account

RBI's digital-lending rules: Paytm's BNPL biz may need operational tweaks

Analysts have said that they will be watchful of the operational impact of the new norms, especially on customer convenience of the payment firm

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

Regulating digital lending

Rules are in the right direction

RBI issues digital lending norms, reserves space for regulated entities

Only entities regulated by RBI or other bodies permitted by law can carry out digital lending, says RBI

RBI tightens digital lending norms to prevent charging of exorbitant rates

Companies cannot increase users' credit limits without their explicit consent, says RBI

Top headlines: Hindalco Q1 net jumps 48%; RBI's digital lending guidelines

The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged

Future of fintechs is in lending-led players, not payments: Report

With the funding to fintechs seeing a sharp 30 per cent drop in the June quarter, valuation is expected to shift from payments to lending-led fintechs, according to a report

BNPL credit facility used without caution can lead to a debt trap

Understand all the attendant costs of this facility; delayed repayment will hit your credit score