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      Question

      Which of the following is not a typical feature of

      Digital Lending platforms regulated by RBI?
      A Loan disbursement only through regulated entities' bank accounts Correct Answer Incorrect Answer
      B Real-time reporting of loan data to Credit Information Companies (CICs) Correct Answer Incorrect Answer
      C Consent-based data collection from borrowers Correct Answer Incorrect Answer
      D Physical presence of borrower at lender’s registered office Correct Answer Incorrect Answer
      E Mandatory display of Annual Percentage Rate (APR) on the platform Correct Answer Incorrect Answer

      Solution

      The RBI’s Guidelines on Digital Lending (2022) emphasize transparency, data protection, and responsible lending. Key features include: • Loan disbursement and repayments must flow through the bank accounts of regulated entities (REs) – Option A is correct. • CIC reporting is mandatory – Option B is correct. • All data must be collected with explicit borrower consent – Option C is correct. • Annual Percentage Rate (APR) disclosure is compulsory to avoid hidden costs – Option E is correct. However, Option D is incorrect because digital lending is entirely online, and physical presence is not a requirement under RBI norms.

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