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Race to become an SRO heats up in fintech sectorWhat is an SRO? The RBI laid out the framework for a fintech SRO in May 2024. As per the vision of the regulator the SRO's main job would b...- RBI move to formalise debt collection may complicate recovery, say expertsIn a notification issued on January 17, the central bank said transactional calls by banks, mutual fund companies and other such financial ...
- Budget 2025: Fintechs pitch for dedicated Rs 1,000 crore fundBudget 2025: Facing higher capital costs and funding shortages, fintech firms in India have requested a dedicated ₹1,000 crore fund from th...
- Global Economic Summit 2024 to empower MSMEs through fintech solutionsIndia's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating t...
- MSME fintechs steal show as consumer lending loses fizzAll these years, digital lending has been mostly synonymous with unsecured consumer credit. But that is slowly changing. Business-focused f...
- SIDBI signs pact with DLAI to boost fintech sectorThe Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding with the Digital Lenders Association of Ind...
- RBI issues guidelines for default loss guarantee, provides breather to fintechsThe regulator has capped the FLDG at 5%, and lenders need to have proper board-approved policies.
- IT, Home Ministries and RBI to decide on steps post loan app ban; fintech firms seek clarityFounders of several lending platforms met officials of the Ministry of Electronics & Information Technology (MeitY) in New Delhi on Tuesday...
- BharatPe cofounder Ashneer Grover lashes out at RBI's recent mandateGrover termed the RBI's recent move to protect the bank's lazy credit business from BNPL business.
- New RBI rules in the making may allow neo banks, digital platforms to flourish and deepen inclusionKey recommendations that can be implemented in the near term include restricting lending activities only to entities regulated by the RBI. ...
- RBI is exploring ways to regulate online loan appsThe Reserve Bank of India (RBI) has reached out to Google, Digital Lenders Association, fintech association FACE and several NBFCs for inpu...
- Ex-RBI Prem Kumar Arora appointed DLAI's director of policy, strategyPrem Kumar Arora is expected to use his expertise in shaping Digital Lenders Association of India's recommendations to RBI's working group ...
- Fintech firms write to Google, demand uniform regulationsOnline lending firms say that Google is acting like a super regulator, seeking details that even the RBI is yet to do. They have written to...
- Loan apps turn nightmare for borrowersHundreds of customers have taken to social media to complain of intimidation and harassment by collection agents of online loan application...
- Last-mile financiers claim banks reluctant to pass on repayment reliefDigital Lenders’ Association of India, the representative body for 81 such lenders, has made a representation to the Reserve Bank of India ...
- Ease access to credit history: Fintech firmsDigital Lenders Association of India (DLAI), an industry body of around 50 technology-based NBFCs, submitted a slew of recommendations for ...
- Simpler KYC may not make life easier for NBFCsGovt's move on customer onboarding through Aadhaar may not bring down costs on physical verification for shadow banks.
- Make proposed regulatory sandbox inclusive, fintech experts tell RBICurrent draft guidelines lack operational clarity in listing what the eligible startups can and cannot do.
- Private companies team up to bat for Aadhaar in Supreme CourtThere are over 300 private companies which use Aadhaar’s KYC and authentication services, according to industry estimates.
- DLAI to present a united front to deal with govt regulationsThe other companies that have joined as members are SME lending players Indifi Technologies, Rubique, KapitalTech, personal loan enablers F...
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