Equity MRK
Monday, January 18, 2021   
Asian Paints  2589.05    (-0.04%)
Axis Bank  656.10    (-2.79%)
Bajaj Auto  3560.45    (-0.57%)
Bajaj Finance  4713.60    (-3.44%)
Bajaj Finserv  8354.40    (-3.21%)
Bharti Airtel  586.70    (-2.62%)
Dr Reddy's Lab...  5052.80    (-2.97%)
H D F C  2566.40    (-2.49%)
HCL Technologi...  980.95    (-0.85%)
HDFC Bank  1483.20    (1.15%)
Hind. Unilever  2333.55    (-0.78%)
ICICI Bank  532.25    (-1.94%)
IndusInd Bank  930.95    (-3.71%)
Infosys  1311.65    (-2.49%)
ITC  219.55    (0.76%)
Kotak Mah. Ban...  1848.95    (-0.79%)
Larsen & Toubr...  1334.70    (-1.47%)
M & M  808.20    (-1.37%)
Maruti Suzuki  7814.40    (-2.58%)
Nestle India  17629.15    (-1.36%)
NTPC  97.50    (-2.99%)
O N G C  96.70    (-4.59%)
Power Grid Cor...  195.95    (-3.50%)
Reliance Indus...  1983.50    (2.37%)
St Bk of India  294.10    (-3.19%)
Sun Pharma.Ind...  581.40    (-3.74%)
TCS  3220.80    (-0.40%)
Tech Mahindra  998.00    (-0.90%)
Titan Company  1503.65    (1.86%)
UltraTech Cem.  5391.15    (-1.07%)
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RBI constitutes Working Group on Digital Lending
(16:57, 13 Jan 2021)
Reserve Bank of India (RBI) has constituted a Working Group on digital lending including lending through online platforms and mobile apps. Digital lending has the potential to make access to financial products and services more fair, efficient and inclusive. From a peripheral supporting role a few years ago, FinTech led innovation is now at the core of the design, pricing and delivery of financial products and services. While penetration of digital methods in the financial sector is a welcome development, the benefits and certain downside risks are often interwoven in such endeavours. A balanced approach needs to be followed so that the regulatory framework supports innovation while ensuring data security, privacy, confidentiality and consumer protection. RBI noted that recent spurt and popularity of online lending platforms/ mobile lending apps ('digital lending') has raised certain serious concerns which have wider systemic implications. Against this backdrop, a Working Group (WG) is being set up to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.

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