Tuesday, February 7, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

rbi: Digital lending norms aimed at protecting consumers: RBI Deputy Governor M Rajeshwar Rao

by Euro Times
September 8, 2022
in Finance
Reading Time: 1 min read
A A
0
Home Finance
Share on FacebookShare on Twitter


Not too long ago launched digital lending norms are designed to finish regulatory arbitrage and defend clients, Reserve Financial institution of India (RBI) Deputy Governor M Rajeshwar Rao mentioned on Thursday.

Rao additionally added that unbridled engagement of third events, misselling, information privateness breaches, unethical restoration practices and exorbitant rates of interest led the RBI to manage digital lending actions.

“The framework is designed to strike a steadiness between the necessity for an progressive and inclusive system whereas on the similar time making certain that the regulatory arbitrage shouldn’t be exploited to the detriment to the shopper’s curiosity,” Rao mentioned at an occasion organised by business grouping Assocham.

The deputy governor additionally mentioned that the digital lending framework places the onus squarely on the regulated entities on whose behalf the apps do the lending. “They must make sure that the mortgage service facilitator and the digital lending apps with whom they’ve outsourcing tie-ups operate throughout the regulatory ecosystem not simply in letter but additionally in spirit,” Rao mentioned.



Source link

Tags: AimedConsumersDeputydigitalGovernorlendingnormsprotectingRajeshwarRaoRBI
Previous Post

Ethereum lead developer saved Avalanche from over $24B ecosystem crash

Next Post

Prince Charles became king after Queen Elizabeth II’s death. How will he rule the UK?

Related Posts

Scarring, Hysteresis, and Investment in Europe

by Lambert Strether
February 7, 2023
0

By Peter Claeys, Visiting Professor at the Department of Economics of the College of Europe, and the Universiteit Gent, Béatrice...

Cash Flow Analysis: Budget from the Bottom Up

by Euro Times
February 6, 2023
0

The Cash Flow Analysis is a bottom-up budgeting methodology that cuts through the clutter associated with the traditional budgeting process...

The Not-So-Great Depression Diet | AIER

by Robert E. Wright
February 7, 2023
0

When E.C. Harwood formed the American Institute for Economic Research 90 years ago, the New Deal was just beginning. The...

Average easy access Isa pays seven times the typical rate offered a year ago

by Vicky Shaw
February 6, 2023
0

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up...

How investing in mutual funds can help you in your retirement planning

by Euro Times
February 6, 2023
0

Investments are done with a purpose in mind, but everyone has a diverse set of financial goals. The majority of...

Dow Jones Futures Fall: Stock Market Rally Signals It’s No Bear Run, But Don’t Get Complacent

by Euro Times
February 6, 2023
0

Dow Jones futures fell Monday morning, along with S&P 500 futures and Nasdaq futures, as Treasury yields marched higher. X...

Next Post

Prince Charles became king after Queen Elizabeth II’s death. How will he rule the UK?

ECB raises rates by unprecedented 75 bps to tame runaway inflation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Oil rises on China outlook, supply worries after Turkey earthquake By Reuters

February 7, 2023

TSLQ: How To Lose Money From Shorting When The Shares Actually Fell 20%. (NASDAQ:TSLQ)

February 7, 2023

‘Irresistibly energetic’: first Ant-Man 3 reactions say it’s ‘Star Wars meets the MCU’

February 7, 2023

Scarring, Hysteresis, and Investment in Europe

February 7, 2023

My daughter was stolen from hospital at 3 days old – it took 17 years to find her but my nightmare had just begun

February 7, 2023

BNP Paribas shares volatile after misses Q4 expectations, raises 2025 targets By Reuters

February 7, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Oil rises on China outlook, supply worries after Turkey earthquake By Reuters

TSLQ: How To Lose Money From Shorting When The Shares Actually Fell 20%. (NASDAQ:TSLQ)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In