RBI Framework for Self-Regulatory Organizations (SRO) in Fintech, 2024
This framework establishes a structured approach for recognizing and overseeing Self-Regulatory Organizations in the fintech sector. The framework aims to foster responsible innovation while ensuring consumer protection and market integrity through industry-led governance. It sets out eligibility criteria for SRO recognition, including requirements for membership diversity, governance structure, and financial resources. SROs are tasked with […]
RBI Guidelines on Digital Lending, 2023
These guidelines were issued by the Reserve Bank of India to regulate digital lending practices and protect consumer interests in the rapidly growing digital lending ecosystem. The guidelines establish comprehensive requirements for all digital lending platforms, including mandatory disclosure of all-inclusive cost of digital loans, standardization of key facts statement, restrictions on unsolicited commercial communications, […]
