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Read more about RBI constitutes working group to develop and regulate digital lending on Business Standard. The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months ....
With frauds in digital lending space coming into sharp focus, the Reserve Bank of India has set up a working group to study digital lending activities of the regulated and unregulated players. The group will suggest steps to regulate digital lending including online lending platform and mobile lending. The recent spurt and popularity of online lending platforms/mobile lending apps have raised certain serious concerns which have wider systemic implications, RBI said in statement. The six-member panel comprised of four RBI internal and two external members is expected to submit its report within three months. Jayant Kumar Dash, Executive Director, RBI will be chairman of the group. Other three internal members are Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision, P Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI and Manoranjan Mishra, Chief General Manager, Department of Regulation. Mishra will be act as ....
RBI forms panel to suggest measures for promoting digital lending India Published: Wednesday, January 13, 2021, 19:05 [IST] Mumbai, Jan 13: Amid rising incidents of harassments relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. Representational Image The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications. Against this backdrop, a Working Group (WG) is being set up to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place, the central bank said. ....
URL copied RBI sets up panel to suggest measures for promoting digital lending Amid rising incidents of harassment relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications. Against this backdrop, a Working Group (WG) is being set up to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place, the central bank said. ....
Representative Image RBI sets up Working Group to study all aspects of digital lending activities in regulated, unregulated financial sector ANI | Updated: Jan 13, 2021 18:01 IST New Delhi [India], January 13 (ANI): Reserve Bank of India (RBI) has set up a Working Group to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place. The Working Group will consist of both internal and external members, said RBI in a statement on Wednesday. The internal members include Jayant Kumar Dash, Executive Director, RBI (Chairman), Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision, RBI, P. Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI, Manoranjan Mishra, Chief General Manager, Department of Regulation, RBI (Member Secretary). ....