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        FEMA & RBI

        RBI invites comments on the Draft Circular on “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders”

        April 27, 2024

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        In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 08, 2023 regarding issuance of a regulatory framework for aggregation of loan products by lending service providers (LSPs), the Reserve Bank of India has today placed on its website the Draft Circular on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’.

        Comments/ feedback, if any, may be sent by e-mail with the subject line "Comments on Draft Circular on Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders", by May 31, 2024.

        (Yogesh Dayal)     
        Chief General Manager

        Transparency in aggregation of loan products: draft circular open for consultation, stakeholders invited to submit comments by deadline. The Reserve Bank has issued a draft circular proposing requirements to ensure transparency in aggregation of loan products by lending service providers aggregating offerings from multiple lenders, and has invited stakeholder comments by the specified deadline as part of a consultative rule making process.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Transparency in aggregation of loan products: draft circular open for consultation, stakeholders invited to submit comments by deadline.

                                The Reserve Bank has issued a draft circular proposing requirements to ensure transparency in aggregation of loan products by lending service providers aggregating offerings from multiple lenders, and has invited stakeholder comments by the specified deadline as part of a consultative rule making process.


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