Use digital for efficiency, not undue risks: RBI

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The RBI fosters digital technologies for inclusion and improved customer experience. However, it intervenes when digital lending creates risks or complex structures. Deputy Governor Swaminathan J highlighted issues with peer-to-peer lending practices at a recent banking summit in Mumbai, urging the industry to view regulations as partnerships for a stable financial ecosystem.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3td6Dy1

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