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loan offers: RBI proposes new norms for LSPs to promote transparency

LSP is an agent of a regulated entity (RE) who carries out one or more of lender s functions or part thereof in customer acquisition, underwriting support, pricing support, servicing, monitoring, recovery of specific loan or loan portfolio on behalf of REs in conformity with extant outsourcing guidelines.

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Reserve-bank
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Rbi
Transparency
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Digital-lending
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Framework

Digital lending and First Loss Default Guarantee scheme – New rule changes, and how the new framework may impact borrowers and fintechs

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