Mumbai: The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. “I think […]
Citing reports on individuals and small businesses falling prey to the growing number of unauthorized digital lending platforms and mobile apps on promises of getting loans in a quick and hassle-free manner
