RBI Asks Google, DLAI, FACE For Inputs To Regulate Loan Apps: Report

In a bid to regulate digital loan applications, the Reserve Bank of India has sought inputs from Google, the Digital Lenders Association, fintech association FACE, and several non-bank lenders reported the Economic Times, citing three people aware of the development. The central bank has sought details from Google on its eligibility criteria for a fintech loan application on its app store and the parameters followed by these apps.

Source- The Money Control

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