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UNREGULATED LENDING
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- How to spot an investment scam before it spots youIndia's digital investment boom is fueling a surge in cybercrime, with financial fraud leading the charge. Criminals are increasingly using...
- Unregulated lending may soon be bannedThe government is likely to introduce a bill in the upcoming monsoon session of Parliament to ban unregulated lending activities, aiming to...
- Centre plans to ban unregulated lending; Indian startups report workforce declineThe government has proposed a bill to ban unregulated lending. This and more in today’s ETtech Top 5.
- 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...
- Govt proposes new law to restrict unregulated lending; violators to face 10 years of jailThe central government has introduced a bill, BULA, to combat unregulated lending. The bill proposes up to 10 years imprisonment and substa...
- 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.
- Fintech firms struggle to come together for self-regulationThe idea of creating an SRO was mooted by the RBI governor in March. But more than a month since, the companies haven’t been able to procee...
- Fintech companies ask RBI for clear First Loss Default Guarantee frameworkWhile most want FLDG structures between regulated cos, some eye securitisation structure for unregulated.
- HC asks RBI, Govt to ensure compliance by lending appsThe Delhi High Court has directed the Reserve Bank of India and the central government to ensure that digital lending platforms strictly co...
- Online, offline credit delivery convergingThe crackdown on digital usury and strong-arm loan recovery by unregulated apps is also designed to curb money laundering and will include ...
- New RBI norms keep third party out of digital lending processDisbursal, repayment to be executed between borrowers, regulated entities only: Regulator
- 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 ...
- RBI releases report of working group on digital lending; here are the recommendationsA working group constituted by the Reserve Bank of India on digital lending through online platforms and mobile apps has submitted its repo...
- RBI sets up panel to suggest measures for promoting digital lendingThe working group, chaired by RBI Executive Director Jayant Kumar Dash, will consist of both internal and external members, and submit its ...
- 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...
- Paisadukan opens physical branch in Madhubani to expand scope of P2P lendingHaving started operations in 2017, Paisadukan got a certificate of registration from the RBI to commence operations in July 2018.
- Will ban on unregulated deposit schemes benefit P2P lending?The next time you are looking for an unsecured loan, make sure you reach out to the right lender.
- Subprime-wary LIC wants to lend to HFCs directlyThe insurance regulator may have permitted insurance companies to invest in mortgage-backed securities but the country’s largest insurer, L...
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