RBI Issues New Digital Lending Guidelines, Ritu Singh Decodes The New Rules | India Business Hour

RBI issues new digital lending guidelines to protect borrowers' data from being misused to commit fraud. As per the #RBI, regulated entities cannot store borrowers' data except for some basic minimal information. Ritu Singh reports.

#rbi #digitallending #data #fraud #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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[vijayshankar]

What is the cost of compliance? We do get unwelcome calls as every one gang molests the customers by sharing all information. Many charge extra for making payment in debit cards, especially Indian Rupay card. I hope that RBI got public feedback. Unsolicited SMS from SBI Card is irritating; this shows that the Venture is not doing well.
There is a tendency to be spendthrift in digital payments; cash payments create some jerks within; some insecurity - oh, I have spent too much like a Keynesian.