Moneycontrol PRO
you are here: HomeNewsOpinion

RBI proposals on digital lending shine spotlight on consumer protection

The regulator has to walk the fine line between over-regulation and unfettered growth that could hurt consumers and financial stability

November 22, 2021 / 04:19 PM IST
RBI proposals on digital lending shine spotlight on consumer protection

Representative Image

A Reserve Bank of India working group has come out with a comprehensive consultation paper on issues surrounding digital lending. It is a welcome development. Although digital lending is still small in terms of credit flows –   2 percent of total loans by value disbursed by banks and 10 percent for NBFCs – it is growing fast and has financial stability implications. RBI rules currently require entities to have an NBFC or banking licence to lend. Thus, apps which have loan...

  • PRO Panorama

    Moneycontrol Pro Panorama | Is Omicron losing its sting? 

    Jan 20, 2022 / 04:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: ICICI Lombard makes the cut, the way forward for L&T Infotech, Budget Chart of the Day, Crypto Learn and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers