The guidelines are expected to foster healthy competition, drive improvements in the lending sector, and build a healthier lending environment. Recommendation of RBI’s Working Group on Digital Lending RBI’s notification on DLG is a part of the recommendations of a working group on digital lendin...
Regardless, the co-lending must comply with other applicable norms, such as the RBI norms on co-lending by banks and NBFCs, which require the funds to be routed through an escrow account with the bank. FLDG: The use of FLDG is one of the issues that is still being examined by the ...
Now, in response to the committee report, the RBI on August 10 issued strict digital lending guidelines to regulate the digital lending platforms in the country. What is the intention behind the RBI digital lending guidelines? These guidelines have been issued to curb the menace of fake digital ...
While Home Loans often offer a maximum tenure of up to 20 years, the specific terms can vary depending on the lender and the loan product you choose. Understanding the tenure and choosing one that aligns with your financial goals is essential. RBI Guidelines for Loan Against Property When co...
A Critique of RBI Governor Shaktikanta Das’ Comments on AI and Big Tech Dominance Risks Albania has imposed a one-year ban on TikTok after the killing of a teenager last month led to debates around the platform’s effect on young users’ mental health, Reutersreported. The ban will come ...
MimansaonJanuary 13, 20254minute read The Draft Digital Personal Data Protection (DPDP) Act Rules were notified on January 3, 2025, approximately 16 months after thenotification of the DPDP Act in August 2023. The DPDP Act contained many provisions with a clause saying “as may be prescribe...
outbreak on businesses and employees, theReserve Bank of Indiaasked all banks and other lending institutions to allow a three-month moratorium on all kinds of loans. The RBI also said that moratorium on term loans and deferment of interest payment would not result in asset classifica...