Concerned over the practices adopted by some of the digital lending platforms, the Reserve Bank of India (RBI) has cracked down on them and imposed several conditions for banks and non-banking finance companies (NBFCs) that lend through them.

from Times of India https://timesofindia.indiatimes.com/business/india-business/malpractices-force-rbi-to-crack-down-on-loan-apps/articleshow/76615086.cms