Question
 Which of the following Act will govern the Digital
Lending regulatory framework in India?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.
- Who was the recipient of the Sahitya Akademi Award 2024 in the Bodo language category?
The term “evergreening of loans” refers to:
First G-20 Meeting to take Place in which State/UTs on Jan 31.
What was the employment growth rate in India for FY24?
Which of the following techniques is used in virtual memory management to avoid thrashing?
What is the total project cost for redeveloping the first 103 Amrit Bharat stations?
The International Cricket Council (ICC) named the winners of their yearly awards. Who was named the Men’s T20I Cricketer of the Year?
Article 148 of the Constitution of India provides for an independent office of the_______.
What was the primary reason for the â‚ą43. 30 lakh penalty imposed on Rajkot Nagarik Sahakari Bank Ltd. by the RBI?
What technological advancement was achieved by AFMS and IIT Kanpur through their collaboration?
