Tag: digital lending

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…