India: Reserve Bank of India (Digital Lending) Directions 2025 (RBI/2025-26/36) on reporting Digital Lending Apps to the Centralised Information Management System enters into force

On 15 June 2025, paragraph 17 of the Reserve Bank of India (Digital Lending) Directions, 2025 entered into force, introducing binding reporting obligations for Digital Lending Apps used by regulated financial entities. The provision requires Commercial Banks, Co-operative Banks, Non-Banking Financial Companies, and All-India Financial Institutions to report all Digital Lending Apps, whether self-operated or provided by Lending Service Providers, on the Reserve Bank of India’s Centralised Information Management System portal. The reported apps must comply with transparency and borrower protection requirements, including the publication of grievance redressal contact details, disclosure of product terms, and availability of privacy policies and Key Fact Statements. Chief Compliance Officers must certify the accuracy of the submissions and confirm conformity with regulatory standards.