Staying Ahead of Regulatory Changes

Regulatory scrutiny around digital lending is stronger than ever. The Reserve Bank of India has introduced strict guidelines on data localization, borrower consent, and transparent APR disclosure.

Crucial Checklist Items

• Ensure all borrower data is stored exclusively in servers physically located in India.
• Provide key fact statements (KFS) in clear vernacular formats prior to disbursement.
• Implement automated audit trails for every stage of the loan lifecycle.