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RBI DRAFTS NORMS FOR ONLINE LOAN AGGREGATORS, ENHANCING BORROWER TRANSPARENCY.

Why in the news? RBI drafts norms for loan aggregators, requiring digital overview of all loan offers to enhance transparency for borrowers. About the Regulatory Framework: The RBI proposes guidelines for banks and NBFCs to ensure loan service providers (LSPs) offer a digital overview of all loan options. The digital view must include lender details, …

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