Digital Lending Space

The Small Industries Development Bank of India (SIDBI) has signed an agreement with the Digital Lenders Association of India (DLAI) to propel the growth of the fintech sector in the country. The agreement calls for cooperation with SIDBI to create standard protocols to hasten the implementation of digital lending partnerships, such ...

Digital lending encompasses financial transactions through online platforms or mobile applications with the application of technology in authentication and credit valuation. The rapid advancements in cloud computing, artificial intelligence, and blockchain and the deep penetration of internet connectivity have fuelled the rise of Fin-tech companies driving the digital transformation of finances. Especially during ...

The Reserve Bank of India (RBI) in its new guidelines said that all digital loans must be disbursed and repaid through bank accounts of regulated entities only, without pass-through of loan service providers (LSPs) or other third parties. The guidelines, aimed at curbing rising malpractices in the digital lending ecosystem, follow the recommendations of a ...