The Reserve Bank of India has put NBFCs and fintech players under the lens after a series of compliance failures came to light - Issue Date: Apr 14, 2024
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China to tighten online lending rules from 2022 in additional measures to rein in fintech giants, pre-empt banking crisis
Online lending platforms will need to contribute 30 per cent of own capital for loans they make with commercial banks from January next year
Digital banks, trust companies, consumer financing firms and car loan providers also need to comply, according to the CBIRC