Topic Details (Notes format)

Digital Lending and Fintech Regulation

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Fintech platforms innovate credit delivery through instant loans, data-driven risk assessment, and app-based customer interfaces. However, unscrupulous digital lenders can misuse user data or charge exorbitant rates. RBI guidelines aim to protect borrowers by mandating transparency, secure data handling, and fair recovery practices. For exam queries, note how digital lending expands financial inclusion for underserved demographics, while robust regulation ensures consumer protection and macro-financial stability.

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