Sharing of Credit Information to Fintech Companies: Implications of RBI Bar

-Financial Services Division | Vinod Kothari Consultants Pvt. Ltd. (finserv@vinodkothari.com) The RBI recently wrote a letter, dated 16th September, 2019, to banks and NBFCs, censuring them over what seems to have been a prevailing practice – sharing of credit information sourced by NBFCs from Credit Information Companies (CICs), to fintech companies. The RBI reiterated that … Continue reading Sharing of Credit Information to Fintech Companies: Implications of RBI Bar