When does an OTP count as consent for a loan? Allahabad HC examines the question

The Allahabad High Court will examine how service providers contact people who search online and then take their consent for loans through one-time passwords (OTPs) and web links. It raised the issue in a case where a student accepted an education loan through an OTP, and her father’s credit score fell from 900 to 681. The court has brought in the Reserve Bank of India (RBI), giving its counsel two weeks to seek instructions.