November 04, 2024 23:30 (IST)
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RBI directs Bajaj Finance to stop lending under two lending products

Mumbai: The Reserve Bank of India (RBI) on Wednesday directed Bajaj Finance to stop issuing loans under its two products eCOM and Insta EMI Card.

RBI panel suggests separate law to prevent illegal digital lending activities

Mumbai/IBNS: A Working Group formed by the Reserve Bank of India (RBI) has made several recommendations, including separate laws to stop illegal digital lending activities, verification of digital lending apps by a nodal agency and establishing a self-regulatory organisation (SRO) covering the participants in the digital lending ecosystem.

FlexiLoans.com among the top 100 global FinTech innovators' list by KPMG and H2 Ventures

Mumbai/IBNS: Small business lender FlexiLoans has been ranked amongst ‘Emerging 50’ FinTechs, according to a report released by KPMG in collaboration with H2 Ventures.