RBI creates 6-members group for regulating digital lending frauds
The Reserve Bank of India (RBI) has created a 6-members group in order to control digital lending frauds. nowadays, RBI is getting the growing instances of frauds in digital lending space.
- The group will study digital lending activities of the regulated and unregulated players
six-members of panel
| Jayant Kumar Dash | Executive Director,RBI |
| Vikram Mehta | Co-founder (Monexo Fintech) |
| Rahul Sasi | Cyber Security Expert |
| P Vasudevan | Chief General Manager (Payment and Settlement Systems Dept) |
| Manoranjan Mishra | Chief General Manager (Regulation Dept) |
| Ajay Kumar Choudhary | Chief General Manager-in-Charge |
Roles of six-member working group
- Will control digital lending such as online lending platform and mobile lending.
- Evaluation of digital lending activities
- Recognize risks acted by unregulated digital lending
FAQs:
Q.1 Who are six-members of the panel formed by RBI to control digital lending frauds?
Jayant Kumar Dash – Executive Director, RBI
Vikram Mehta – Co-founder (Monexo Fintech)
Rahul Sasi – Cyber Security Expert
P Vasudevan – Chief General Manager (Payment and
Settlement Systems Dept)
Manoranjan Mishra – Chief General Manager (Regulation Dept)
Ajay Kumar Choudhary – Chief General Manager-in-Charge