Digital lenders struggle to cope with slowdown induced by virus1 min read . Updated: 06 May 2020, 12:47 AM IST
- Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates
- eKYC was suspended for NBFCs as the SC had ruled that private firms cannot force anyone to share Aadhaar data for KYC authentication
BENGALURU : The digital lending industry, which saw heightened activity over the past few years, is facing its first ever slowdown, with lending volumes taking a severe hit because of the covid-19 crisis.
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