In its effort to mitigate the concerns arising from credit delivery through digital lending methods, the Reserve Bank of India (RBI) on Wednesday came out with guidelines aimed at firming up the regulatory framework for such activities. The banking regulator has categorically specified that the lending business can only be carried out by entities regulated by it or those permitted under the law.
The central bank has divided the universe of digital lenders into three groups - entities regulated by the RBI and permitted to carry out lending business; entities authorised to carry out lending according to other statutory/ regulatory provisions but not regulated by the RBI, and entities lending outside the purview of any statutory/ regulatory provision.
These guidelines are for the first category, or entities regulated by the RBI. As for other entities which are part of the second and the third categories, the RBI has asked respective regulator/ controlling authority/ the central government to formulate guidelines based on the recommendations of the working group on this subject it had formed back in January 2021.
この記事は Business Standard の August 11, 2022 版に掲載されています。
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この記事は Business Standard の August 11, 2022 版に掲載されています。
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