The Reserve Bank of India (RBI) has come out with a regulatory framework to permit default loss guarantee arrangements in digital lending.According to the guidelines, the registered entities will invoke default loss guarantee within a maximum overdue period of________ , unless made good by the borrower before that.
The Reserve Bank of India (RBI) has come out with a regulatory framework to permit default loss guarantee arrangements in digital lending.The RBI had barred the first loss default guarantee arrangement under the digital lending norms. Under this credit-risk sharing agreement, a certain percentage of the default loan portfolio of banks and NBFCs (registered entities) are guaranteed by a third party, a fintech or lending service provider (LSP).According to the new guidelines, the entities may enter into default loss guarantee arrangements only with a lending service provider or other entities with which it has entered into an outsourcing arrangement. Further, the LSP providing default loss guarantee must be incorporated as a company under the Companies Act, 2013. It indicates that entities can accept default loss guarantees in forms like cash deposited with the entities, fixed deposits maintained with a scheduled commercial bank with a lien (a legal claim or legal right which is made against the assets that are held as collaterals for satisfying a debt ) marked in favour of the entities and bank guarantee in favour of the registered entities.The registered entities will ensure that a default cover could be provided for up to 5 percent of the loan portfolio. In case of implicit guarantee arrangements, the Digital Lending Guidelines (DLG) provider will not bear performance risk of more than the equivalent amount of 5 percent of the underlying loan portfolio.According to the guidelines, the registered entities will invoke default loss guarantee within a maximum overdue period of 120 days, unless made good by the borrower before that.
Statement: L ≥ M ≤ R = S; M > N ≥ P
Conclusions:
I. P ≤ M
II. L > N
Statements: C ≥ E > M ≤ Z < B; G ≥ Z > K
Conclusions: I. C > K II. G ≥ B ...
Statements: K @ L; M & O, N % L, K $ O
Conclusions:
I. O @ L
II. M @ L
<...Statements: M * T, D % T, D # K, K $ R
Conclusions: I. M * D II. T # K II...
Statements: G < H ≤ I, V ≥ W = G, R ≥ I = A
Conclusions : I. R > G
II. A ≥ H
III. H ≤ R
...Statements: A ≥ B > C < D, E ≥ F ≥ G, D = H ≥ E
Conclusion:
I. B > F
II. D ≥ G
III. C < G
Statement: X≤W=Y<P; W≥Z; Z ≥X
I. P>X
II. Y≥X
Statements: P > Q > R > S > T < U < V < W < X
Conclusion:
I. P > T
II. U < X
...Statements:K < L,L ≥ M,M > N
Conclusions: I. K < M II. N > K
Statements: P % Q, P $ R, Q # S, R @ T
Conclusions:
I. R $ Q
II. S & T ...