Loans Over Phones: App-solute Menace
The Morning Brief
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Is There a Loophole in Digital Loan Lending?
Arbi governor shati kanta das also cautioned people about unregistered digital loan lend aps. If there are complaints against lending platforms which are registered with the r b i, then the central bank will take action. The regulator also said that it will likely put out guide lines to regulate tal lending as well.
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