The Changing Face of Credit: BNPL, Financial Inclusion and the RBI’s Regulatory Dilemma – Part II
In this article, the authors explore the complexities and challenges within the BNPL sector, emphasizing the need for RBI intervention. It delves into FLDG regulations, their impact on the sector, and the RBI’s recent guidelines. The authors also discuss the RBI’s working group suggestions aimed at addressing issues related to digital lending apps while also providing their own recommendations for striking a balance between regulation and innovation to ensure financial inclusivity. Furthermore, the article also highlights the importance of protecting the underbanked while promoting responsible lending. Continue reading The Changing Face of Credit: BNPL, Financial Inclusion and the RBI’s Regulatory Dilemma – Part II