RBI set to put onus on lenders to monitor loan apps

RBI set to put onus on lenders to monitor loan apps

Mumbai: The Reserve Bank of India’s (RBI) working group to regulate unsupervised digital lending through loan apps is all set to put the onus on the banks and non-banking lenders concerned to supervise the entities with which they do business, two people aware of the development told The Economic Times. The panel is likely to … Read more