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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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