Which of the following Act will govern the Digital

Q: Answer- Which of the following Act will govern the Digital Lending regulatory framework in India?

The Reserve Bank of India RBI released guidelines on digital banking units in April 2022 and issued guidelines on digital lending in September 2022. These regulations include regulations related to customer protection and conduct requirements, technology and data requirements and the regulatory framework. These directions given by RBI are issued under sections 21, 35A and 56 of the Banking Regulation Act, 1949, sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934.

Lending regulatory framework in India?

A Information Technology Act, 2000 Correct Answer Incorrect Answer

B Banking Regulation Act, 1949 Correct Answer Incorrect Answer

C Prevention of Money Laundering Act, 2002 Correct Answer Incorrect Answer

D Finance Act, 2022 Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

The Reserve Bank of India (RBI) released guidelines on digital banking units in April 2022 and issued guidelines on digital lending in September 2022. These regulations include regulations related to customer protection and conduct requirements, technology and data requirements and the regulatory framework. These directions given by RBI are issued under sections 21, 35A and 56 of the Banking Regulation Act, 1949, sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934.

Practice Next

More Financial Management Questions

निम्नलिखित में से शुद्ध वाक्य का चयन कीजिए:
नीचे दिया गया प्रत्येक वाक्य चार भागों में बांटा गया ह...
‘अंगारों पर पैर रखना’ मुहावरे का सही अर्थ क्या है?
...
विन १/सून २/ रहिमन ३/ राखिये ४/ पानी ५/ सब ६/ पानी ७/ वाक्य संरच...
निम्नलिखित में से कौन – सा सुमेलित युग्म नहीं है?

निम्नलिखित शब्दों में से तत्सम शब्द है -
मूल से संबंधित’ के लिए एक शब्द क्या होगा ?
निम्न लिखित प्रत्येक प्रश्न को चार भागों में बांटा गय...
'कौरवी' किस बोली को कहते हैं?
निम्नलिखित में से किस वाक्य में भविष्यकाल है ?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question