𝐑𝐁𝐈 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐒𝐭𝐫𝐢𝐜𝐭𝐞𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐍𝐨𝐫𝐦𝐬 𝐀𝐫𝐞 𝐇𝐞𝐫𝐞 — 𝐈𝐬 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐚𝐝𝐲?
India’s digital lending landscape is evolving fast, driven by technology and rising demand. But with that growth comes rising scrutiny — especially around consumer protection, data security, and ethical practices.
To bring greater accountability and structure, the Reserve Bank of India (RBI) has rolled out new Digital Lending Guidelines aimed at NBFCs, banks, and fintech platforms.
These new rules demand complete transparency, proper borrower consent, and tighter control over lending operations.
🚨 Key Changes Under RBI’s Revised Guidelines
Here’s a breakdown of the most important regulatory updates:
📝 1. Mandatory Disclosure of Digital Lending Apps
All Digital Lending Apps (DLAs) must now be registered through the RBI’s CIMS portal. This ensures that only verified platforms are allowed to operate in the digital lending space.
💡 2. No Hidden Charges — Clear Loan Terms Required
Lenders must now fully disclose the complete loan structure, including interest, fees, repayment schedule, and any additional charges — with zero hidden costs.
🏦 3. Disbursement & Repayment via Regulated Bank Accounts
All transactions must be routed through bank accounts of regulated entities. Payments via third-party wallets or intermediaries are no longer allowed.
🔐 4. User Consent Is Mandatory for Data Access
Borrower data cannot be accessed or stored without clear, informed consent. Apps must comply with strict data privacy standards.
🚫 5. No Automatic Credit Limit Enhancements
Credit lines cannot be increased automatically. Every enhancement must be formally approved by the borrower.
📊 6. Stronger Auditing & Third-Party Oversight
Lenders must maintain comprehensive audit logs and ensure all Lending Service Providers (LSPs) they work with follow strict compliance procedures.
🛠 What Lenders Need to Do Now
These reforms demand immediate action from lending businesses:
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✅ Re-examine your digital lending journey — from app design to disbursal mechanisms.
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✅ Upgrade your mobile apps and lending policies to align with the latest regulations.
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✅ Train your team on compliance, consent frameworks, and audit readiness.
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✅ Strengthen backend systems for grievance redressal, customer communication, and LSP monitoring.
The new guidelines are not just about compliance — they’re about building credibility and long-term trust in the lending ecosystem.
💼 Need Help Navigating These Changes?
We work closely with NBFCs, fintechs, and lenders to ensure full alignment with RBI’s digital lending norms. From audit preparation and documentation to process upgrades and app compliance — we’ll guide you every step of the way.
📞 Book a FREE consultation today!
+91 93113 47006
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