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    • Question

      The Digital Lending Directions, 2025 are applicable to

      which of the following entities?  
      A Only Scheduled Commercial Banks Correct Answer Incorrect Answer
      B Only Non-Banking Financial Companies (NBFCs) Correct Answer Incorrect Answer
      C Only Lending Service Providers (LSPs) Correct Answer Incorrect Answer
      D Commercial Banks, Co-operative Banks, NBFCs (including HFCs), and All-India Financial Institutions Correct Answer Incorrect Answer
      E Only FinTechs incorporated as private companies Correct Answer Incorrect Answer

      Solution

      Explanation: The Directions clearly state that they apply to all digital lending activities undertaken by REs, namely Commercial Banks, Co-operative Banks (Urban, State, and Central), NBFCs (including Housing Finance Companies), and All-India Financial Institutions. LSPs and FinTechs are not independent REs; they act only as agents of an RE.  

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