RBI releases working group report on digital lending
NS Working Group on Digital Lending including lending through online platforms and mobile apps, which was constituted by Reserve Bank of India (RBI), has submitted its report. RBI had set a WG on digital lending, including lending through online platforms and mobile apps, in which Jayant Kumar Das, Executive Director, RBI as Chairman to study all aspects of digital lending activities by regulated financial sector as well as unregulated players.
In the short term, WG suggested setting up of a nodal agency in consultation with stakeholders to verify the technical credentials of Digital Lending Apps (DLAs) of Balance Sheet Lenders and Lending Service Providers (LSPs) operating in the digital lending ecosystem.
Find More Banking News Here
this is an unedited and auto-generated supporting article of the syndicated news feed are actualy credit for owners of origin centers. intended only to inform and update you about Sakari naukri , result , UPSC , Exam Jobs etc. for Provides real or authentic news. also Original content may not have been modified or edited by Rojgar samachar team members.