Question

RBI mandated Key Fact Statement (KF

  • S for loans. Which of the following correctly identifies the scope of borrowers for whom KFS is mandatory?
A Only home loan borrowers taking loans above ₹50 lakh from scheduled commercial banks
B All retail and MSME borrowers of regulated entities including banks, NBFCs, and digital lenders with a minimum 3-day look-up period before loan agreement signing
C Only NRI borrowers, since they cannot visit branches to clarify loan terms in person
D Only borrowers from NBFCs banks are exempt from KFS requirements
E Only borrowers applying through digital lending apps, not through physical bank branches
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