New Cracking SEBI General in 60 Days - Possible or Not?
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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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