In a proposal to make India’s financial system resistant to climate-connected risks and assist Regulated Entities to deal with matters of a warming planet, the Reserve Bank of India is mulling over potential rules and regulations.
A new series of rules to regulate the digital lending system in India is centred on the advice obtained from the RBI’s Working Group on Digital Lending, including lending through online platforms and mobile apps. What does this mean for consumers and the platforms that offer these services?
The introduction of 30% tax on digital assets has impacted the crypto industry, leading to trading volumes in main crypto exchanges plunging by 90% and entrepreneurs in the Web 3.0 space shifting base abroad
The Delhi High Court on Wednesday was informed that the Reserve Bank of India has already initiated the process in respect of regulation of digital lending including lending through online platforms and mobile application.
The Delhi High Court on Friday sought the Reserve Bank of India’s stand on a plea that various banks and financial institutions had extended huge loans to certain group of companies without due scrutiny.