Why take Loans only from RBI registered NBFCs and Banks

The following are the reasons to take loans only from RBI registered NBFCs and Banks: 1. Regulation and Oversight Loans from RBI registered NBFCs and banks are regulated and overseen by the Reserve Bank of India (RBI). This means that they are subject to strict guidelines and regulations that help protect consumers from predatory lending […]

Does the RBI’s Digital Rupee allow for Fixed Deposits?

The Reserve Bank of India (RBI) opened a small group of participating customers and merchants to test the first retail digital rupee (e-R) pilot program. A digital token that represents legal tender in the form of the digital rupee. The central bank is now evaluating the stability of the entire process of creating, distributing, and using […]

RBI Digital Lending Norms

The Reserve Bank of India (RBI) has proposed new norms and asked the government to frame a new legislation to curb illegal digital lending in the country. The proposals come after a panel set up by the regulator found that there are 1,100 loan apps in various app stores, of which 600 are illegal. Digital lending in India is […]