Description:
In this informative video, we delve into the digital lending guidelines recently introduced in India. Digital lending has gained significant traction in the country, offering convenient access to credit and financial services through online platforms. However, concerns over unethical practices and borrower exploitation prompted the need for regulatory measures.
Join us as we explore the key aspects of the digital lending guidelines set forth by regulatory bodies in India. We discuss the regulatory framework designed to ensure transparency, consumer protection, and responsible lending practices.
Discover the crucial elements of these guidelines, including the registration and licensing requirements for digital lending platforms, mandated disclosures to borrowers, interest rate caps, fair practices for loan recovery, and the prevention of unauthorized data sharing.
Learn about the role of technology in streamlining digital lending processes, such as e-KYC (Know Your Customer), digital signatures, and secure data storage. We also address the challenges faced by both borrowers and lenders in adapting to these new guidelines.
Whether you're a borrower seeking clarity on your rights or a digital lending platform navigating the regulatory landscape, this video offers valuable insights into the digital lending guidelines in India. Stay informed and empowered to make responsible financial decisions in the digital lending era.
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