Question

The RBI's initiative to enhance digital lending

Q: Answer-The RBI's initiative to enhance digital lending transparency is primarily aimed at:

The guidelines aim to provide borrowers with essential information upfront, promoting transparency and informed decision-making in the digital lending ecosystem.

transparency is primarily aimed at:

A Reducing the number of digital lenders in the market

B Encouraging higher interest rates and fees

C Ensuring borrowers are well-informed about their loan options

D Discouraging technological innovation in financial services

E Increasing the market share of traditional banks.

Practice Next

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The RBI's initiative to enhance digital lending

Solution

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