Discover and read the best of Twitter Threads about #OnlineLending
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BREAKING: @RBI has informed the #DelhiHighCourt that a regulatory framework to
support orderly growth of credit delivery through #DigitalLending methods while mitigating the regulatory concerns, has
been firmed up.
support orderly growth of credit delivery through #DigitalLending methods while mitigating the regulatory concerns, has
been firmed up.
The affidavit has been filed in a plea seeking regulation of Online Lending platforms charging exorbitant rates of interest from small borrowers.
#OnlineLending
@pbhushan1
#OnlineLending
@pbhushan1
"The said regulatory framework is expected to address the concerns relating to unbridled
engagement of third parties, mis-selling, breach of #DataPrivacy, customer grievance redressal, unfair business conduct, and unethical recovery practices," RBI adds.
engagement of third parties, mis-selling, breach of #DataPrivacy, customer grievance redressal, unfair business conduct, and unethical recovery practices," RBI adds.
#DelhiHighCourt to hear a plea seeking regulation of Online Lending platforms charging exorbitant rates of interest from small borrowers.
#OnlineLending
@pbhushan1
#OnlineLending
@pbhushan1
Advocate Prashant Bhushan submitted that after the Court issued notice, the Government issued a circular for the lending platforms in general and later the a expert committee had submitted its report and since then they are taking time.
There are several platforms which are not registered as an NBFC, the authorities are in power to take appropriate action, Bhushan added.
