To protect the customers from widespread unethical practices, the Reserve Bank of India (RBI) has come out with the ‘Report of the Working Group on Digital Lending including Lending through Online Platforms and Mobile Apps’.
The report contains recommendations and suggestions from both RBI and the government such as the setting up of a Self-Regulatory Organisation to oversee the functions of the players in the industry and to standardise certain operations.
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Credits
Story: Satya Sontanam
Script, Editing: V Nivedita