Question
Consider the following statement/s about Digital Lending
Apps/Platforms (DLAs): 1. Mobile and web-based applications with user interface that facilitate digital lending services. 2. DLAs include apps of the Regulated Entities (REs) as well as those operated by Lending Service Providers. 3. Lending Service Providers (LSPs) engaged by Regulated Entities (REs) for extending any credit facilitation services in conformity with extant outsourcing guidelines issued by the Reserve Bank. Which of the above statement is/are correct?Solution
Digital Lending Apps/Platforms (DLAs): Mobile and web-based applications with user interface that facilitate digital lending services. DLAs will include apps of the Regulated Entities (REs) as well as those operated by Lending Service Providers (LSPs) engaged by REs for extending any credit facilitation services in conformity with extant outsourcing guidelines issued by the Reserve Bank.Â
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