RBI has released a report on digital lending through online platforms and mobile apps. Interesting datapoints and reccommendations on digital lending and neobanks too. Let me start with #Isaiditfirst line :) [Thanks to a kind soul for sharing this with me 🙂] 
I have been reporting about how foreign lending players are entering India and borrowing NBFC licences. There are many NBFCs which were offering their NBFC as a service. I have been writing about this model since ET Prime days. One gfx that explains it better:
Now, coming back to the RBI paper. Some stats on digital lending.
Illegal loan apps.
BNPL share in types of loans is growing like crazy. The paper recommends: 'A separate product category in the consumer credit information file should be
created to report Buy Now Pay Later Loans.'
created to report Buy Now Pay Later Loans.'
The paper suggest formation of SROs for digital loan apps. [Now, only time will tell if Nandan Nilekani is already onto it ;)]
Regulation for neobanks. This will surely get all the fintech founders and investors thinking 🤔
Will share some more soon...
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