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RBI's Guidelines On Digital Lending: Exploring The Void In DLA And LSP Liability




Gauri Sahay, B.B.A. LL.B. (Hons.), Symbiosis Law School, Pune


ABSTRACT


In India, digital lending has been growing at an exponential rate in recent years, transforming how individuals and small firms obtain credit. Financial services are now more easily available, particularly to the unbanked and underbanked communities, owing to the convenience with which loans may now be obtained through online platforms. But this quick growth also presented a number of challenges, such as unethical conduct, minimal consumer protection, and privacy issues. The Reserve Bank of India (RBI) established Digital Lending Guidelines in September 2022, a key turning point in India's financial ecosystem, to address these concerns and build a robust digital lending ecosystem.

Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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