Only licensed banks and non-banking financial companies (NBFCs) given authorization by the central bank can do public lending activities, the central bank said. Earlier this year, RBI had issued a detailed set of guidelines over acceptable lending practices that can be followed by fintech apps.
from Tech-Economic Times https://ift.tt/3hbrjVp
Wednesday, December 23, 2020
RBI cautions public against unauthorised digital lending apps
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