
RBI orders Bajaj Finance to stop disbursing some loans
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
RBI widens of scope of framework for resolution of stressed assets, streamlines BBPS processes and membership criteria, and issues guidelines on default loss guarantee arrangement in digital lending
RBI's new regulations lay down inter alia measures to protect borrowers, as well as technology and data requirements to be followed by digital lenders.
Big Tech firms have an enormous amount of customer data which has helped them to offer tailored financial services to individuals lacking credit history, says RBI governor.
Maharashtra tops the list with 572 complaints.