RBI to launch repository of digital lending apps to help users identify legitimate lenders

Quick Summary:

The repository will have details of services provided by authorised digital lenders through their apps.

Digital lenders have seen a two-fold rise in share in sanction value and volume since FY18-19, the report said.

The share of fintech loans is gradually raising in the personal loan market.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Services India Lending Loan Privacy Apps Digital Repository Policy Authorised Lenders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 06:16:53 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 21978650

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 7 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions