RBI Constitutes Working Group on Digital Lending

  • Constituted by: Reserve Bank of India (RBI)
  • Date: January, 2021
  • Chairman: Jayant Kumar Dash, Executive Director, RBI

Rationale/Need

  • Recent spurt and popularity of online lending platforms/mobile lending apps (‘digital lending’) has raised certain serious concerns which have wider systemic implications.
  • This move assumes significance in the context of recent reports of illegal app-based lenders thriving across the country.

Terms of Reference

  • Evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities.
  • Identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers.
  • Suggest regulatory changes, if any, to ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy December 2022 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Current Affairs