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Digital lending norms
August 14 , 2022
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- The Reserve Bank of India (RBI) issued guidelines for entities engaged in digital lending.
- This follows the recommendation of a Working Group on Digital Lending (WGDL).
- The norms stating that all digital loans must be disbursed and repaid through bank accounts of regulated entities only.
- The Pass-through of lending service providers (LSPs) or other third parties are prohibited.
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