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An understanding of the Guidelines issued by RBI Team Finserv | finserv@vinodkothari.com On September 02, 2022, the RBI issued the “Guidelines on Digital Lending” (“DL Guidelines”), which had essentially put a bar on “Loss sharing/ structured default guarantee arrangements” such as First Loss Default Guarantees, likening their nature to that of “synthetic securitisation” as defined […]
-Dayita Kanodia, Executive finserv@vinodkothari.com “Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner[1] Unprecedented growth of the sector From pawnbrokers lending money in exchange for collateral to the use of sophisticated technologies to carry out credit underwriting, the landscape […]
Our Resouces on Digital Lending and Default Loss Guarantee : DATE OF PUBLICATION TITLE AUTHOR LINK 28 June 2023 Rise, Fall & Subsequent Legitimisation Of Default Loss Guarantees Anita Baid and Shubhojit Shome https://vinodkothari.com/2023/06/rise-fall-subsequent-legitimisation-of-default-loss-guarantees/ 09 June 2023 FAQs on Default Loss Guarantee in Digital Lending Team Finserv http://vinodkothari.com/2023/06/faqs-on-default-loss-guarantee-in-digital-lending/ 08 June 2023 RBI To Release Guidelines […]
Register here: https://forms.gle/D7QTKbPDcZn3AP7y6 Our resources on the topics: Scale Based Resources – https://vinodkothari.com/sbr/ Digital Lending – https://vinodkothari.com/?s=digital+lending Co-lending – https://vinodkothari.com/?s=co-lending
Time to re-think on co-lending transactions and FLDG arrangements – Anita Baid, Vice President | anita@vinodkothari.com The August 10, 2022 Press Release of the RBI on implementation of the recommendations of the Working group on Digital Lending was a major setback for the existing business model of several fintech entities and digital lenders. Through the […]
Updated on February 15, 2023 The RBI had constituted a Working Group on digital lending including lending through online platforms and mobile apps on January 13, 2021[1]. The Working Group (‘WG’) submitted its report and the same was published by the RBI on November 18, 2021[2] (‘Report’). On August 10, 2022, the RBI issued a […]
Registration link: https://forms.gle/HpwzTm7upwLPLQKx8 Our write-ups on the topic: FAQs on Digital Lending Regulations RBI Regulations on Digital Lending: FLDGs come under regulatory ambit Debugging the Digital Lending Domain
FLDGs come under regulatory ambit – Team Financial Services | finserv@vinodkothari.com The RBI had constituted a Working Group on digital lending including lending through online platforms and mobile apps on January 13, 20211. The Working Group (‘WG’) submitted its report and the same was published by the RBI on November 18, 20212 (‘Report’). On August […]
RBI Working Group Report brings major recommendations to the digital lending regulatory framework Team Finserv | finserv@vinodkothari.com Introduction Digital lending does not have a major share yet in the overall financial sector, the graph of the digital lending growth will only move upwards.[1] Time and again RBI has been cautioning the public with respect to […]
– Richa Saraf (legal@vinodkothari.com) The Department of Economic Affairs has recently shared the report of the Steering Committee[1] which discusses the various issues faced by fintech companies. This write up tries to focus on the issues in relation to online lending, and the recommendations given by the Steering Committee on the same. Verifying the Authenticity […]