ZeeBiz Sting Impact - Operation Hafta Vasooli! RBI launches action against wrongdoing by app-based fintech firms
After Zee Business exposed wrongdoings by app-based small lending firms in its Operation Hafta Vasooli programme, RBI has launched strong action against those who do not treat borrowers fairly.
RBI has now made it mandatory for small fintech firms to mention the loan agent on their website and has given clear instructions to all those app-based lending platforms to follow fair lending practices.