Will issue guidelines to make digital lending ecosystem safer: RBI Guv

Speaking on inflation, Guv Das said that had the monetary policy been tighter, the economic damage would have been enormous

The Reserve Bank of India Governor Shaktikanta Das said that the Central bank will soon issue guidelines to make digital lending ecosystem safe and sound.

"Big tech's play in finance poses systemic concerns like overleverage", Das said at an event organised by Financial Express.

He said that blockchain players pose unique problems and regulating them will require globally coordinated action.

"Blockchain platforms cannot be limited to a regulator or nation. Regulators can go for activity and entity-based regulations", he added.  

Das further said, "earlier, RBI's approach was to provide sunset clauses. However, this year credit growth is around 12 per