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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
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Binance To Relaunch Bid To Buy Bankrupt Voyager Digital: Report
Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter.
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Nirmala Sitharaman Outlines Steps To Check Illegal, Fraud Loan Apps' Operations
Finance Minister Nirmala Sitharaman has discussed various issues related to illegal loan apps in a meeting and decided to take a host of measures to check operations of such apps, amid rising instances of digital fraud.
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RBI To Prepare A List Of Approved Digital Lending Apps To Weed Out Unethical Ones
The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the government said in a notification on Friday.
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RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
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Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
-
Regulatory Mechanism Soon For Digital Lending Platforms: RBI Governor
Reserve Bank of India (RBI) will soon come out with regulatory architecture for digital lending platforms
-
Digital Lending Apps Under Scrutiny, User Discretion Needed: RBI Governor
Shaktikanta Das has said that details of all registered digital lending apps are available on RBI's website
-
Trading Platform Looking To Bring Crypto Investing To Mobile Users, Raises $20 Million
Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile phone users, raised $20 million in capital from investors and from a private sale of its digital currency $STXR.
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IndusInd Bank Launches Digital Lending Platform 'IndusEasyCredit': Check Benefits
The new digital platform will allow both existing and non-IndusInd Bank customers to avail personal loans or credit cards on a single platform
-
Digital Coin Ether Hits Record High As 2021 Gains Near 500%
Ether has jumped almost 500 per centagainst the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable crypto-denominated lending outside of traditional banking institutions.
-
Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
-
Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
-
Binance To Relaunch Bid To Buy Bankrupt Voyager Digital: Report
Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter.
-
Nirmala Sitharaman Outlines Steps To Check Illegal, Fraud Loan Apps' Operations
Finance Minister Nirmala Sitharaman has discussed various issues related to illegal loan apps in a meeting and decided to take a host of measures to check operations of such apps, amid rising instances of digital fraud.
-
RBI To Prepare A List Of Approved Digital Lending Apps To Weed Out Unethical Ones
The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the government said in a notification on Friday.
-
RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
-
Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
-
600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
-
Regulatory Mechanism Soon For Digital Lending Platforms: RBI Governor
Reserve Bank of India (RBI) will soon come out with regulatory architecture for digital lending platforms
-
Digital Lending Apps Under Scrutiny, User Discretion Needed: RBI Governor
Shaktikanta Das has said that details of all registered digital lending apps are available on RBI's website
-
Trading Platform Looking To Bring Crypto Investing To Mobile Users, Raises $20 Million
Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile phone users, raised $20 million in capital from investors and from a private sale of its digital currency $STXR.
-
IndusInd Bank Launches Digital Lending Platform 'IndusEasyCredit': Check Benefits
The new digital platform will allow both existing and non-IndusInd Bank customers to avail personal loans or credit cards on a single platform
-
Digital Coin Ether Hits Record High As 2021 Gains Near 500%
Ether has jumped almost 500 per centagainst the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable crypto-denominated lending outside of traditional banking institutions.
-
Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
-
Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
