Digital lending entities should only carry out activities for which they have licenses: Shaktikanta Das

Corporate Laws

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Jul 23, 2022

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said digital lending players should only carry out activities for which they have licenses and violations are not acceptable.

Last month, RBI had asked non-bank Prepaid Payment Instrument (PPI) issuers not to load their wallets and cards from credit lines or preset borrowing limits.
“The (digital lending) firms should operate under the licenses granted to them. If they are doing anything beyond that then they should seek our permission.

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