The Reserve Bank of India announced the guidelines on digital lending. The central bank has given regulated entities (RE) till November 30th to put in place adequate systems and processes to ensure that 'existing digital loans' comply with fresh lending guidelines.
Director of the Department of Economic & Policy Research (DEPR), RBI, Dr Ashutosh Raravikar has authored a new book titled "Indian Banking in Retrospect - 75 years of Independence".