RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says

The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like banks and NBFCs without ...