RBI sets up working group to regulate e-platforms, apps offering credit and promote digital lending

RBI sets up working group to regulate e-platforms, apps offering credit and promote digital lending

The move is aimed at regulating the sector, which has seen a large number of online lending platforms, majority startups, cropping up in the recent past across models including peer-to-peer, pay later, invoice financing, bank-led digital models, marketplaces, and more, adopted by consumers and enterprise-facing businesses.
Check the source here –Source, Financial Express.

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