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Digital lending apps under RBI lens | The Money Show

The Reserve Bank of India has set up a panel for digital lending. All the aspects of digital lending activities, which are regulated in the financial sector as well as by unregulated, will be thoroughly studied by the working group.
To discuss more on this, we have Cybersecurity Consultant, Ritesh Bhatia. He says that India saw a series of suicide over alleged harsh loan recovery practices. Post-COVID, many individuals who were facing cash crunch resorted to these orated applications. Hyderabad and Bengaluru witnessed at least four suicides due to this’.
Tune into the video to know more about cybersecurity and RBI’s new panel!