Digital Lenders Association of India issues guidelines to customers to identify disorganized and untrusted apps
Digital Lenders Association of India Issues guideline for customers to identify unorganized and unreliable appsReiterates Responsible and Ethical Lending practices for DLAI members
The Digital Lenders Association of India (DLAI), established in 2016, comprises more than 85 member companies who provide digital lending or related services to the Nation. DLAI’s key objective is to ensure healthy growth and sustenance of digital lending ecosystem in India.
Agriculture extension officer Kirni Mounika, who ended her life due to harassment by firms running loan not for herself but to help some farmers who were in distress to buy seeds and pesticides.
Benchmark new historic peak for the fifth day in a row
DLAI issues guidelines to customers to identify untrusted apps
'Karjadatya App' Pasoon Fasgat Tanyasathi Guidance Remedy
Initiatives for consumer protection from the Digital Lenders Association
How to identify untrusted apps
DLAI issues guidelines to customers to identify untrusted apps
The Reserve Bank of India (RBI) asked the public to be cautious about borrowing money from dubious or shady digital lending apps as there are reports that certain borrowers resorted to suicide after the harassment they faced due to delay in repayment of loans.
The economic impact of the pandemic on common man is tough to judge. We are glad our members have taken a responsible approach of educating and informing the customers about the impact of non-payments.
Online lending startups in India are in a limbo with respect to the moratorium granted by the Reserve Bank of India (RBI) as private sector banks remain undecided on passing on…
The Digital Lending Association of India has sought relief from the banking regulator as banks and larger NBFCs are not supporting the Fintech lenders under the EMI moratorium scheme.
Transmission trouble appears to be brewing again in India’s lending industry: Only that the latest episode concerns the grace period on loan payments instead of borrowing costs.
DLAI, which represents over 80 online lending firms,said that extending RBI’s moratorium to all retail borrowers is only possible at scale if large banks and NBFCs who lend to digital…
Credit history shouldn’t be viewed as sensitive data, say digital lenders.Only bank account numbers, passwords, ATM PINs need to be protected as sensitive personal data, lenders said.
Simpler KYC may not make life easier for NBFCs. Govt’s move on customer onboarding through Aadhaar may not bring down costs on physical verification for shadow banks.
More Than 250 Indian and International Fintech Firms Participate in the 3rd Edition of Digital Lending Association of India Conclave 2019
The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades.
There are between 55 and 60 million micro, small, and medium-size enterprises (MSMEs) operating in India today, which are leading contributors to the nation’s employment and gross domestic product (GDP). Yet this contribution remains well below its potential. A significant barrier to growth has been the lack of access to formal credit—
The fintech industry wants the Reserve Bank of India (RBI) to make the proposed regulatory sandbox more inclusive and provide greater operational clarity for startups using the mechanism to help drive innovation in the payments landscape.
The key to attaining New Delhi’s objective of an all-inclusive cashless economy may lie in making adequate investments in digital infrastructure and creating a regulatory regime that helps underpin the expansion of fintech companies.
MSME lending landscape is now shifting, with formalisation and digitisation driving the market towards disruption. Digital lenders, in partnership with traditional lenders, are solving the major challenges in providing credit through managed cost levers.
How digital lending has the potential to unlock the underserved MSME segment MSME lending landscape is now shifting, with formalisation and digitisation driving the market towards disruption. Digital lenders, in partnership with traditional lenders, are solving the major challenges in providing credit through managed cost levers…
After RBI, insurance and market regulators aim to set up virtual testing grounds for fin-tech
The Reserve Bank of India (RBI) has left out cryptocurrency from its draft guidelines for a regulatory sandbox aimed at fostering innovation in the fintech segment. The regulatory sandbox, which allows fintech startups to test innovative products as part of a cohort for up to six months, makes no mention of trading or investing…
The fintech firms have now formed an industrial body, Digital Lenders Association of India, that has laid down a general code of conduct for its members, which is likely to ensure more transparency in this nascent sector. “It’s also to highlight any of the challenges we face and (if we) need ecosystem or government help.
Access to more funding sources, leveraging the government processes to push up demand, easing out online application processes and ensuring free flow of data are few of the major recommendations that have gone out from the Digital Lenders’ Association of India, the industry body for online lending players in the country.
An industry association of digital lenders has asked the government to ease financing norms for them by lowering the pre-securitisation holding period and allowing a higher spread over refinancing rates for non-banking financial companies (NBFCs) under the Micro Units Development & Refinance Agency (MUDRA) scheme.
The Digital Lenders Association of India (DLAI), an industry body consisting of online lenders and non-banking financial companies (NBFCs), said that to underwrite loans efficiently, they require additional access to user data from telecom and banking sector, and data from GST return filings, in recommendations to the finance ministry.
Headline – DLAI Fintech Conference in Mumbai Publication– Sakal Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 09
Headline – DLAI Fintech Conference in Mumbai Publication– Lokmat Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 08
Headline – DLAI Fintech Conference in Mumbai Publication– Navshakti Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 12
Headline – DLAI Fintech Conference in Mumbai Publication– Punyanagari Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 05
Headline – DLAI Fintech Conference in Mumbai Publication– Janshakti Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 03
Headline – DLAI Fintech Conference in Mumbai Publication– Navrashtra Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 07
Headline – DLAI Fintech Conference in Mumbai Publication– Pratahkal Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 07
Headline – DLAI Fintech Conference in Mumbai Publication– Pahala Samachar Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 08
Headline – DLAI Fintech Conference in Mumbai Publication– Do Baje Dophar Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 02