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First time since April, Mumbai’s Dharavi reports no new COVID-19 case
After RBI rap, fintech grouping comes out with code of conduct for industry
The RBI circular cited reports that spoke about excessive rates of interest and additional hidden charges demanded from borrowers, adoption of “unacceptable and high-handed recovery methods” and also misuse of agreements to access data on the mobile phones of the borrowers.
In a statement, FACE, which is formed by EarlySalary, KreditBee, Kissht, CashE, and LoanTap, said maintaining an ethical code of conduct with “larger accountability and transparency is essential for enabling robust financial inclusion in India”.
The code speaks on transparency, disclosure of all costs to customers, pricing and cost of credit, fair treatment, collection, fair treatment, data privacy and resolution of grievances.
Aurobindo Pharma to make COVAXX’s potential COVID-19 vaccine for India, UNICEF
COVID-19: India records 24,712 new cases
The number of people who have recuperated from the disease surged to 96,93,173 pushing the national recovery rate to 95.75 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The COVID-19 active caseload remained below 3 lakh for the third consecutive day.
There are 2,83,849 active coronavirus infections in the country which comprises 2.80 per cent of the total caseload, the data stated.
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