Digital lending fintechs have made the requisite changes to comply with the Reserve Bank of India’s (RBI) new rules for their platforms operational.
What are the new rules?
Why this change?
Way forward –
Source – The Economic Times
QUESTION – The new rules regulating the digital lending fintechs may be designed to protect the interests of the borrowers but they should also find an optimum balance between banking and technology to maximise the benefits of borrowers. Comment.