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

The article discusses the position of digital Lending Service Providers with reference to current rules.

Digital lending frameworkFirst loss default guarantee schemeFldg schemeLending service providersRegulated entitiesAnand andDigital lending appsDigital lending service providersDigital lendersRbi digital lending appsRbi digital lending service providersDigital loansThe viewpoint digital lendingDigital lending rbiReserve bank of india digital lendingRbi circular digital lending

RBI tells digital lending apps who is the boss; empowers borrowers

The framework is based on the principle that lending business can be carried out only by entities that are either regulated by the central bank or entities permitted to do so under any other law

Adhil shettyGaurav chopraSanjay kaoGroup on digital lendingLoan service provider lspsReserve bankLoan service providerRegulated entityDigital lendingKey fact sheetWorking groupDigital lending applicationsIntegrated ombudsman schemeChief business officerBlending applicationsRegulated entities

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