Will RBI’s recent regulations usher in a new era of digital lending in India

According to the recent RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” In its statement, the RBI reiterated that Regulated Entities (REs) shall continue to conform to existing guidelines on outsourcing when entering into outsourcing arrangements with a Lending Service Provider (LSP) or Digital Lending App (DLA). This circular urges REs […]