Allow borrowers to make free choice: RBI draft rules for digital loan aggregators
Manisha Ghosh l manisha.ghosh@vinodkothari.com
In a move aimed at fostering transparency and consumer-centric practices in digital lending, the Reserve Bank of India (RBI) issued draft guidelines for digital loan aggregators on 26th April, 2024 titled ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’. Comments are due on the same. This regulatory framework underscores the importance of empowering borrowers with complete information during the credit process to make an informed decision.
Read more →