New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    To provide greater discretion to borrowers on terms and

    conditions, the guidelines on digital lending have kept _____ outside the scope of Digital lending processes.
    A Entities lending outside the purview of any statutory Correct Answer Incorrect Answer
    B Regulated entities Correct Answer Incorrect Answer
    C Third Parties Correct Answer Incorrect Answer
    D Banks Correct Answer Incorrect Answer
    E None of the Above Correct Answer Incorrect Answer

    Solution

    New RBI guidelines keep 3rd parties outside the scope of digital lending processes and provide greater discretion to borrowers on terms & conditions. The disbursal amount is now to be deposited directly into the respective bank accounts, the intervention of Lending Service Providers (LSPs) and third-party lenders is strictly prohibited.

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