By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
The Reserve Bank of India (RBI) has amended the Credit Information Companies Regulations, 2006 on 10 November 2021, through the Credit Information Companies (Amendment) Regulations, 2021.
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
The rapid growth of the digital lending industry increased credit accessibility in India, but also brought concerns on unregulated entities, illegal digital lending applications and coercive recovery tactics
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
In accessing financial services or products, individuals are often required to share financial information stored with other entities. The lack of a centralised mechanism to access information makes the process time-consuming and often unreliable
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
Blockchain, a form of digital ledger technology (DLT), is a linearly linked information-containing block secured by cryptography and shared between participants