BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank

Digital lending

  Apr 01, 2021

Digital lending

Q Why is it in News?

Digital lending has been on the rise in India. However, there are several concerns about the model. 

Q What are various models of Digital lending?

Presently, there are three digital-lending models, seen through the regulatory-approach lens:

1) Bank/NBFC-owned digital platforms operating under the direct regulatory purview of RBI.

2) Fintech companies’ proprietary digital platforms, working in partnership with banks/NBFCs.

3) Peer-to-peer (P2P) lending platforms, which usually involve the otherwise unregulated retail lenders.

Q what are issues with digital lending? 

Q What are the steps taken to regulate digital lending? 

Q. What can be its Solution?