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RBI sets up panel to suggest measures for promoting digital lending

BUY-SELL | HELP WANTED | MATRIMONIAL

Amid rising incidents of harassment relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications.Amid rising incidents of harassment relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending. The RBI said that the recent spurt and popularity of online lending platforms/mobile lending apps has raised certain serious concerns which have wider systemic implications.

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