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JC - Legal Updates - Notification on Guidelines for Digital Lending

Legal Updates

05 Sep 2022

Notification on Guidelines for Digital Lending

In furtherance to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending - Implementation” dated 10th August 2022 (“RBI Press Release”), the RBI has published detailed guidelines (“Guidelines”) on digital lending on 2nd September 2022. Although the Guidelines apply to existing customers as well as new customers, Regulated Entities have been given time until 30th November 2022 to set up adequate systems for adherence and compliance of the existing digital loans with the Guidelines.

The RBI Guidelines as set out above can be accessed here


We draw reference to the FYI as circulated previously by our team in accordance with the RBI update furnished on 10th August 2022. The link for the same can be accessed hereinbelow: 


For any further information, please contact Mr. Neeraj Dubey (neeraj.dubey@jclex.com) or Ms. Namrta Rai (namrta.rai@jclex.com).