Browsing: Biometric

UIDAI CEO Bhuvnesh Kumar said the authority is currently testing the technology and expects it to be ready in the next 45-60 days. The project will be rolled out in a phased manner, beginning with schools and later extended to colleges for the second round of updates, which are required for children who attain the age of 15 years.

The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.