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India nudges lending apps to provide greater transparency, control to consumers

India nudges lending apps to provide greater transparency, control to consumers Image
  • Posted on 10th Aug, 2022 11:33 AM
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The Reserve Bank of India published guidelines for digital lending firms, recommending more transparency and control to customers as the South Asian nation’s central bank moves to take further steps to crackdown on sketchy practices and creditors. The guidelines, released Wednesday (PDF), say that …