Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

Digital lending apps: A recent survey has found that the Reserve Bank of India’s (RBI) steps against loans being offered by unauthorised digital platforms and mobile applications had a positive impact on users. In 2020, the central bank released a cautionary message directed towards small businesses and individuals regarding the risks associated with obtaining loans … Read more

Digital India Trust Agency: How this RBI’s initiative can regularise lending apps

Digital India Trust Agency: How this RBI’s initiative can regularise lending apps

The Reserve Bank of India (RBI) is planning to set up a public register of white-listed lending apps to curb the menace of illegal lending apps in the country. As part of the new step, the central bank is looking to create an agency, Digital India Trust Agency (DIGITA), that will enable verification of digital … Read more