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  1. RBI issues draft guidelines on digital lending to give better deal to borrowers

    RBI issues draft guidelines on digital lending to give better deal to borrowers

    LSPs are entities appointed by banks or NBFCs to perform certain functions such as customer acquisition, underwriting and loan recovery on digital platforms. In some cases, a regulated entity may also act as an LSP.RBI's draft guidelines state that banks and NBFCs should ensure that their LSPs...
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    • banks borrower digital draft entity guidelines lenders lending loan lsps nbfcs provide regulated state view
    • Category: Business & Economy
  2. RBI proposes new norms for LSPs to boost transparency

    RBI proposes new norms for LSPs to boost transparency

    Mumbai: The Reserve Bank of India (RBI) on Friday proposed that loan service providers (LSPs) acting as agents of banks should provide information to borrowers about all loan offers available with them so that they can take an informed decision.Many LSPs provide aggregation services for loan...
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    • aggregation available bank borrower digital draft lender lenders lending loan lsps offers proposed provide reserve
    • Category: Business & Economy
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