THE CURIOUS CASE OF DIGITAL LENDING NORMS: DECODING RBI’S FAQs

The Reserve Bank of India recently issued the Frequently Asked Questions to clarify certain positions under the Digital Lending Guidelines. The FAQs clarify the letter and spirit of the law to be followed by banks and non–banking financial companies for lending loans through digital lending platforms. These FAQs come in the backdrop of addressing issues faced by the relevant stakeholders in their attempt to comply with the Digital Lending Guidelines. INDUSLAW's Winnie Shekhar, Anu Bhaskaran, Asha Sreedhar and Divisha Sharma decode the FAQ’s and analyse its applicability on the Digital Lending Guidelines.