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      Question

      Which of the following is not a condition under RBI’s

      digital lending norms for Regulated Entities (REs)?
      A Disclosure of APR to borrower Correct Answer Incorrect Answer
      B No automatic increase in credit limit Correct Answer Incorrect Answer
      C Direct repayment to lending app’s wallet Correct Answer Incorrect Answer
      D Grievance redressal within 30 days Correct Answer Incorrect Answer
      E Lending only through LSPs Correct Answer Incorrect Answer

      Solution

      Repayment must go directly to RE’s bank account, not the app’s wallet.

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