Digital lenders’ poor governance standards have shaken trust, says RBI deputy governor Rao

  • Digital lenders’ poor governance standards have shaken trust, RBI ‘inundated’ with complaints, says deputy governor Rao
  • Reserve Bank of India deputy governor M Rajeshwar Rao on October 22 said there was a flood of complaints of harsh recovery methods, fraudulent practices and data privacy against digital lenders, a scathing indictment of an industry that has seen a huge growth in recent years.

[Via]

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