CODE, CREDIT, AND CONTROL: RECALIBRATING RBI’S DIGITAL LENDING DIRECTIONS, 2025 BETWEEN INNOVATION AND ACCOUNTABILITY
The Reserve Bank of India’s Digital Lending Directions, 2025, consolidate earlier guidelines into a unified framework aimed at protecting borrowers while supporting fintech innovation. These rules impose strict transparency and conduct standards that regulated lenders (banks, NBFCs, cooperative banks, and All-India Financial Institutions) must now enter formal contracts with their fintech partners (Lending Service Providers, or LSPs) and conduct robust due diligence. Borrowers gain...
