NEW DELHI: The Delhi high court Wednesday asked the RBI to file a status report on the steps taken for implementation of a committee's report to look into the issue of online lending platforms offering short-term personal loans at exorbitant interest rates through mobile apps.
A bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla was informed by senior advocate V Giri, representing the Reserve Bank of India (RBI), that the report of the committee is under circulation for inviting comments of the public at large.
