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UNETHICAL LENDING
As RBI acts tough, NBFCs fear banks may turn wary of lendingFinance companies are expected to moderate loan disbursals following the banking regulator's recent restrictions on high-margin but potenti...08 Mar, 2024, 05.53 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
- Home Ministry asks states, UTs to take urgent action against predatory Chinese lending appsIt said a large number of complaints have been reported across India related to illegal digital lending apps that provide short-term loans ...30 Oct, 2022, 05.39 PM IST
- India to prepare a 'whitelist' of digital lending appsThe central bank has been asked to prepare a list of legal digital lending apps while the government will help ensure that only such apps c...09 Sep, 2022, 05.51 PM IST
- Digital lending norms aimed at protecting consumers: RBI Deputy Governor M Rajeshwar Rao"The framework is designed to strike a balance between the need for an innovative and inclusive system while at the same time ensuring that...09 Sep, 2022, 01.18 AM IST
- RBI's digital lending rules designed to protect customers from online frauds: DG M Rajeshwar Rao"The framework is designed to strike a balance between the need for an innovative and inclusive system while at the same time ensuring that...08 Sep, 2022, 01.52 PM 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
- 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...12 Mar, 2021, 06.01 AM IST
- 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 ...20 Jan, 2021, 02.30 AM IST
- RBI forms working group to regulate digital lending through loan apps“Recent spurt and popularity of online lending platforms/ mobile lending apps (‘digital lending’) has raised certain serious concerns which...13 Jan, 2021, 10.30 PM IST
- RBI seeks to end unauthorised fintech lendingsAsks non-bank lenders for details of their exposure to such firmsFor the second time in three months, the RBI has issued last week a note o...31 Dec, 2020, 06.15 AM IST
- RBI cautions public against unauthorised digital lending appsOnly licensed banks and non-banking financial companies (NBFCs) given authorization by the central bank can do public lending activities, t...23 Dec, 2020, 09.28 PM IST
- 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...26 Dec, 2016, 08.32 AM IST
- SKS Microfinance shares plunges 20% ahead of reporting Q4 lossSKS shares plunged 20% to Rs 331.8 apiece, off 65% from its initial public offering price of Rs 935 a share. JPMorgan cut the target 60% to...07 May, 2011, 03.46 AM IST
- Microfinance in India is like subprime lending: Y V ReddyFormer RBI governor Y V Reddy said what many finance experts believed, but did not have the courage to admit publicly that microfinance is ...23 Nov, 2010, 01.33 PM IST
- MFI body plans code of conductThe country’s leading micro-finance players have pledged to improve the ways they deal with poor borrowers and have promised to review lend...18 Feb, 2010, 02.45 AM IST
- Feds, 10 states join to fight mortgage fraudTen state attorneys general and four federal agencies are forming a task force to combat mortgage fraud.25 Aug, 2009, 02.38 AM IST
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