Discover and read the best of Twitter Threads about #digitallending
Most recents (3)
#Killer DPI - Firstly for #KillerLoanApps
Neither API health, not interoperability will substitute responsible behaviour in #DigitalLending #DPIDisaster
Neither API health, not interoperability will substitute responsible behaviour in #DigitalLending #DPIDisaster
Both #PAN and #Aadhaar are tired of the billion transformations since 2017 and the only people who gave made money is KYC startups (not even fintechs)
The top priority for railways has to be @digilocker integration, not track maintenance.
Oh please push all those auto issued insurance from IRCTC so when people die, their relatives don't need to run around.
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.
Much awaited digital lending guidelines from RBI is out. The important point is that RBI is yet to decide on FLDG.
Here are recommendations (from Working Group on digital lending) accepted for "immediate implementation" 👇@livemint #digitallending #fintech
Here are recommendations (from Working Group on digital lending) accepted for "immediate implementation" 👇@livemint #digitallending #fintech
- REs (registered entities) have to ensure that all loan servicing, repayment, etc shall be executed directly in their bank account without any pass-through account/ pool account of any third-party.
- REs to ensure that any fees payable to LSPs is paid directly by them (REs) and not by borrower.
3) All-inclusive cost of digital loans as an Annual Percentage Rate (APR) to be disclosed upfront by REs.
3) All-inclusive cost of digital loans as an Annual Percentage Rate (APR) to be disclosed upfront by REs.
