India: Guidelines on Default Loss Guarantee in Digital Lending
Progress
Current status
adopted
08 Jun 2023 adopted
Scope
Implementers
India
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Adopted Guidelines on Default Loss Guarantee in Digital Lending
On 8 June 2023, the Reserve Bank of India (RBI) adopted the Guidelines on Default Loss Guarantee in Digital Lending. The Framework emphasises that lending must be conducted by entities regulated by the RBI or authorised by applicable laws. Further, …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank