RBI releases first set of norms for digital lending
source link: https://nextbigwhat.com/rbi-releases-first-set-of-norms-for-digital-lending/
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All loan disbursals and repayments have to be executed only between the bank accounts of the borrower and the regulated entity without any pass-through or pool account of the lending service provider (LSP) or any third party, the regulator said.
Any fees or charges payable to LSPs in the credit intermediation process shall be paid directly by the regulated entity and not by the borrower.
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