02-02-2021 | 16:39 PM
RBI Working Group on Digital Lending
• The Reserve Bank of India has recently formed a working group on digital loans. The working group was formed to research all facets of digital lending practises in the regulated and regulated financial market.
Functions of the working group:
• The Working Group will examine the practises of digital lending in the region.
• It will determine the requirements for outsourced digital lending activities of organisations controlled by the Reserve Bank of India.
• It will recommend policy reforms to help the orderly development of digital lending.
• The task force is to define the threats to be faced by unregulated digital loans.
