Digital Lending Framework
The RBI published the rules following the recommendations of a working group committee on digital lending. This framework will ensure responsible lending in the interest of the consumer. India’s fintech revolution is widely seen as a success at the scale of a billion people.
Please find the snapshot of the recommendation by RBI.
Source: -
https://vinodkothari.com/2022/08/rbi-regulations-on-digital-lending/
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