Tag: digital lending
Govt proposes new law to restrict unregulated lending; violators to face 10 years of jail
The central government has proposed a new bill to curb unregulated lending and provide for imprisonment of up to 10 years for violators, besides monetary…
Moneyview: Fintech lending platform Moneyview acquires fintech startup Jify; attains unicorn status
Bengaluru-based fintech lending platform Moneyview has acquired fintech startup Jify in a share swap arrangement. Through the deal, Jify’s two major investors Accel India and…
Responsible lending is as important as responsible borrowing: RBI official
A senior Reserve Bank of India (RBI) official urged banks to be responsible lenders while commenting on the significance of building consumer trust and protection…
khatabook: Digital lending platform Khatabook lays off over 40 employees
Homegrown digital lending platform Khatabook, which has investors like top cricketer MS Dhoni and CRED‘s Kunal Shah, among many others, has reportedly laid off over…
fldg: RBI rules on FLDG could give lending fillip to fintechs
The Reserve Bank of India (RBI) is all set to allow fintechs to take first loss default guarantee on loans, a move that will see…