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Centre proposes bill to ban unregulated lendingThe government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An onl...20 Dec, 2024, 07.22 AM IST- RBI ups UPI limit; US court on Byju’s vs BCCIThe central bank has increased the limit for tax payments through UPI. This and more in today’s ETtech Top 5.08 Aug, 2024, 07.45 PM IST
- RBI to set up public repository of digital lending apps to check unauthorised playersThe Reserve Bank of India unveiled measures to address unauthorized digital lending apps by creating a public repository. They also propose...08 Aug, 2024, 12.30 PM IST
- Wary of BoB World app and other scams, Fin Min bats for enhanced KYC, due diligenceTo counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merc...14 Apr, 2024, 11.40 AM IST
- RBI mulls to set up Digital India Trust Agency to check illegal lending appsThe Reserve Bank of India is considering establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps....31 Mar, 2024, 12.52 PM IST
- RBI to set up regulatory framework to make taking loans saferThe new announcement comes after RBI, in September 2022, issued guidelines on protecting borrowers. As per the guidelines issued last year,...08 Dec, 2023, 05.44 PM IST
- Chase India report proposes self-regulatory organisation for digital lending industryThe report on whitelisting framework for digital lending apps (DLAs) intends to support the industry, as it will add legitimacy to the prac...02 May, 2023, 05.47 PM IST
- RBI's FAQ on guidelines for digital lending: Key detailsAccording to the RBI FAQ, "If the loan turns delinquent and the recovery agent has been assigned to the borrower, the particulars of such r...14 Feb, 2023, 07.57 PM IST
- ED attaches Rs 859 cr proceeds of crime in illegal loan app cases: MoS FinanceIn a written reply to a query in Rajya Sabha, Karad said Reserve Bank of India (RBI) has furnished the list of Digital Lending Apps (DLAs) ...07 Feb, 2023, 08.38 PM IST
- RBI's modified digital lending norms come into effect from December 1The RBI stated in a detailed set of guidelines for digital lending that the main concerns were unbridled engagement of third parties, mis-s...01 Dec, 2022, 11.40 AM IST
- RBI issues new digital lending guidelines for banks, lenders to protect borrowersRBI has issued guidelines for digital lending apps. As per the guidelines issued by the central bank, the aim is to protect borrowers from ...19 Sep, 2022, 03.01 PM IST
- All digital loans have to comply with new norms by Nov 30: RBIThe central bank advised all banks and non-banks that all instructions contained in the digital lending circular would apply to existing cu...03 Sep, 2022, 09.04 AM IST
- Borrowers must be allowed to exit digital loans sans penalty in initial look-up period: RBIThe working group on "Digital Lending includes Lending through Online Platforms and Mobile Apps" provided feedback, which was used to solid...13 Aug, 2022, 03.58 PM IST
- ED probing at least 10 crypto exchanges; fintech firms want clarity on new lending rulesThe Enforcement Directorate (ED) is probing at least 10 crypto currency exchanges for allegedly laundering more than Rs 1,000 crore identif...11 Aug, 2022, 08.54 AM IST
- RBI releases regulatory framework for digital lendingThe Reserve Bank of India (RBI) on Wednesday said that based on the inputs received from the Working Group on 'digital lending including le...10 Aug, 2022, 09.10 PM IST
- RBI issues digital lending rules; will SoftBank go private?RBI has issued new digital lending rules based on the committee's proposals it set up in January 2021 after receiving complaints against on...10 Aug, 2022, 06.55 PM IST
- RBI panel suggests steps to broaden digital lendingThe Reserve Bank of India is proposing to keep commercial banks at the centre of the digital lending universe to ensure that technology is ...19 Nov, 2021, 06.44 AM IST
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