News > How digital lending apps can become gateway for RBI’s financial inclusion plans?
How digital lending apps can become gateway for RBI’s financial inclusion plans?
CNBC TV18 | 06/05/2021 04:47 PM | Click to read full article
Several digital lending platforms are currently being indicted for unethical practices by the Reserve Bank of India (RBI).
However, financial inclusion and increase in credit availability have been a critical long drawn agenda for RBI and digital lenders can play a key role in this domain. The right approach would be to fix the issues associated with the current operating models of these lenders by imposing well-defined guard rails.