Loan sanctioning goes digital, but recovery still needs 'Feet on the Street': RBI Deputy Governor

Mumbai (Maharashtra) [India], September 2 (ANI): The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).

Speaking at a media event in Mumbai, the deputy Governor of RBI noted that with the digital infrastructure at place, many fintech players are giving loans to cust