RBI Grade B | RBI 24*7 Current Affairs | RBI tightens Digital Lending rules | Day 6, Aug 2022

Hey guys, welcome back to the channel. I hope you all are doing good and motivated enough to prepare for your dream exam!

Today, we’ll be discussing about a very important Finance News update – it talks about regulating commercial banks by introducing norms from Recommendations of the Working group on Digital Lending

So, why to delay the discussion? Let’s get started......

Also, stay tuned and get ready for a super amazing session on decoding Finance News through questions!

This is surely going to help you in leveraging your understanding of the course.

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[knowledgetrack]

1.) 2 only
2.) the loan disbursals and repayments are to be executed only between the borrower and the regulated entities
3.) any digital lending product should be intimated to the cic

[hansagupta]

1) 2 only ( lending business can be carried out only by entities that are either regulated by RBI or under any other law.)
2) a. Borrowers and the REs not the LSP .
3) c. Credit information companies.
Thankyou ma'am 🌻👍

[shreya-qgqb]

Thankyou mam for the session.
ans. 1) 2 only
2) a. borrowers and regulated entities(no third party)