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RBI Issues Draft Framework For Aggregation Of Loan Products By Lending Service Providers

Lending service providers are third-party entities, affiliated with a regulated financial firm for credit intermediation activities.

Pragatti Oberoi

Reserve Bank of India logo (Source: Vijay Sartape/NDTV Profit)

The Reserve Bank of India, on Friday, issued the draft regulatory framework for loan products aggregated by lending service providers to ensure transparency to the borrowers. The framework is aimed at customer centricity and transparency in the credit intermediation process, according to an RBI release.

Also Read: RBI Orders TalkCharge To Refund Prepaid Amount In PPI-Wallets To Customers

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