https://www.taxtmi.com/news?id=25766 RBI shifts financial inclusion policy from mere access toward usage and quality, centring inclusive credit as essential. Its three-pronged strategy-establishing digital intermediaries (P2P platforms, Digital-Only NBFCs, Digital Banking Units), building market infrastructure (UPI, JAM, Account Aggregators) and enforcing a customer-first regulatory framework-aims to expand affordable, timely digital credit while embedding safeguards on consent, data security and oversight. Supplementary measures recommended include a digital trust agency, self-regulation and legislative limits on unregulated digital balance-sheet lending to ensure a safe and innovative lending ecosystem. en-us Thu, 08 Sep 2022 17:36:12 +0530 Thu, 08 Sep 2022 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25766 RBI shifts financial inclusion policy from mere access toward usage and quality, centring inclusive credit as essential. Its three-pronged strategy-establishing digital intermediaries (P2P platforms, Digital-Only NBFCs, Digital Banking Units), building market infrastructure (UPI, JAM, Account Aggregators) and enforcing a customer-first regulatory framework-aims to expand affordable, timely digital credit while embedding safeguards on consent, data security and oversight. Supplementary measures recommended include a digital trust agency, self-regulation and legislative limits on unregulated digital balance-sheet lending to ensure a safe and innovative lending ecosystem. News - Thu, 08 Sep 2022 17:36:12 +0530 https://www.taxtmi.com/news?id=25766