Hindu Business Line-RBI guidelines on digital lending to help borrowers

Hindu Business Line-RBI guidelines on digital lending to help borrowers

In this article, published in June 2020 on The Hindu Business Line- a news platform listed among the top-5 financial news portals in India, with more than 4 million monthly page views, narrates how True Balance has been portrayed in a very positive light showcasing True Balance as a sensitive and caring organization who empathizes with their customers and supports them during the times of need. This story talks about how RBI directs banks, NBFCs and digital lending platforms to adhere to the Fair Practices Code in letter and spirit. The new guidelines of the Reserve Bank of India (RBI) on digital lending could be a big source of relief to many borrowers who have been facing harassment and coercive tactics for the recovery of the funds by many of these lenders.

https://www.thehindubusinessline.com/money-and-banking/rbi-guidelines-on-digital-lending-to-help-borrowers/article31911923.ece

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