Regulated Entities

In a proposal to make India’s financial system resistant to climate-connected risks and assist Regulated Entities to deal with matters of a warming planet, the Reserve Bank of India is mulling over potential rules and regulations.

A new series of rules to regulate the digital lending system in India is centred on the advice obtained from the RBI’s Working Group on Digital Lending, including lending through online platforms and mobile apps. What does this mean for consumers and the platforms that offer these services?