Question

    What major digital lending reform was mandated by RBI

    under the Digital Lending Directions 2025?
    A Launch of a unified digital lending currency Correct Answer Incorrect Answer
    B Launch of a unified digital lending currency Correct Answer Incorrect Answer
    C Reporting of all Digital Lending Apps on RBI’s CIMS portal Correct Answer Incorrect Answer
    D Elimination of interest charges on small loans Correct Answer Incorrect Answer
    E Exclusive license for NBFCs in digital lending Correct Answer Incorrect Answer

    Solution

    RBI mandated that all regulated entities report their Digital Lending Apps to the CIMS portal, enhancing transparency and accountability in digital lending.

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