01-01-1970 12:00 AM | Source: Reuters
India central bank releases report on digital lending
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MUMBAI - A working group of the Indian central bank has recommended setting up of a self-regulatory organisation covering the participants in digital lending.
The recommendation came as part of its report on digital lending through online platforms and mobiles applications.
The central bank report said a separate legislation must be made to prevent illegal digital lending activities and also said all data must be stored in servers located in India.
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