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Banking Central | What blips on RBI radar as it frames fresh set of lending norms?

There have been a number of cases in recent past where the erring banks and non-banks have faced the regulator’s wrath for rule violations. Clearly, the RBI is not comfortable with this pattern and wants to act early

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RBI to come out with regulatory framework for digital loan aggregators

RBI to come out with regulatory framework for digital loan aggregators
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RBI to introduce regulatory framework for loan aggregation services

RBI to introduce regulatory framework for loan aggregation services
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RBI to introduce regulatory framework for lending business, promises fair practices and data privacy

It entails aggregation of loan offers from multiple lenders on an electronic platform, which enables the borrowers to compare and choose the best available option

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After raising risk weights on consumption loans, RBI plans framework for loan aggregators, connected loans

Detailed guidelines for the same are to be issued separately

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