Aarnalaw

Tag: banking

  • AI- Criminal liability and Financial Crimes

    AI- Criminal liability and Financial Crimes

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    aarnalawadmin
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    While people are recipients of the myriad benefits of Artificial Intelligence (AI) in their everyday life knowingly and unknowingly, they are also exposed to unimaginable criminal activities. As AI continues to advance, there are three  sets of people relentlessly working in this sphere- one the researchers and developers working towards creating more sophisticated and ethical…

  • FLDG Guidelines: Regulating Digital Lending

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    aarnalawadmin
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    FLDG GUIDELINES: REGULATING DIGITAL LENDING Introduction On 8th June 2023, the Reserve Bank of India released the much-awaited guidelines on First Loss Default Guarantee (“FLDG”) in the form of a Notification No. RBI/2023-24/41 titled, “Guidelines on Default Loss Guarantee (DLG) in Digital Lending” (“2023 Guidelines”).[1] This new framework sets out new provisions and rules for…