RBI seeks to end unauthorised fintech lendings

Mumbai: The Reserve Bank of India is seeking to end unauthorised digital lending by fintech companies and has asked midsize and large non-bank lenders to provide details of their exposure to such firms, two people aware of the development said.Similar details could also be sought from banks lending to fintech players, they said.The RBI is said to be evaluating the prevailing regulatory arbitrage in the financial sector to minimise the spillover