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Which RBI guideline mandates that digital lending apps must be operated only by regulated entities?
- Digital Payments Guidelines
- Digital Lending Guidelines 2022
- NBFC Framework
- P2P Lending Rules
Answer: Digital Lending Guidelines 2022
RBI's Digital Lending Guidelines (2022) require: lending only by regulated entities (banks/NBFCs), direct fund flow between lender and borrower (no third-party pools), standardized key fact statements, cooling-off period, and grievance redressal. Aims to protect consumers from predatory apps, data misuse, and unfair recovery practices.