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RBI brings law to regulate Digital Lending

  Nov 22, 2021

RBI brings law to regulate Digital Lending

Q Why is it in News ?

A A Reserve Bank of India (RBI) Working Group (WG) on digital lending has recommended separate legislation to oversee such lending as well as a nodal agency to vet the Digital Lending Apps.

Q What is Digital Lending ?

Q What is Significance of Digital Lending ?

A India has a huge growth potential when it comes to the Digital Lending landscape:

Q What are Issues with Digital Lending ?

Q What are key recommendations by RBI ?

 A

Q What can be way forward ?