Event Title: The Roadmap of Digital Lending Regulations in India
About the event: Digital lending, which is devoid of a universally accepted definition, is evolving with the advent of newer and more innovative methods in pace with technological advancements. It is a seamless, platform-based lending method that deploys digital technologies for all the processes involving credit assessment, customer service, loan approval and repayment, documentation, disbursement, etc. Digital Lending majorly is structured in two forms: i)Balance Sheet Lending and ii) Market Place Lending. Balance Sheet Lending, as governed by the RBI guidelines is the financial service that deals with monetary loan extension, where the loan and its associated credit risks are retained by the lender on its own balance sheet. Balance sheet lenders are referred to as lenders who conduct balance sheet lending. Market Place Lending (MPL) on the contrary is a platform that brings together investors willing to lend or invest in loans and customers or borrowers. The Market Place Lending also goes by the name Market Lending Aggregators (MPA) and deals with Person-to-Person (P2P).
Today, technology is playing a critical role the whole world over in the transformation of the lending system. Some key examples are Blockchain technology, Artificial Intelligence, and Cloud Computing. All these technologies are boosting the financial sector, enabling various other service models including Business-to-Person (B2P), Business-to-Business (B2B), Person-to-Person (P2P), Person-to-Business (P2B), etc, which are increasingly deployed by intermediary or credit platforms.
The Reserve Bank of India outlines the Digital Lending Regulations, which mandate digital lending platforms to function within the confines of the guidelines and regulatory authorities. This initiative is developed to ensure the ethical and transparent operation of the lending platforms. To reign in and control interest rates and fees, lending terms for more protection for lenders/borrowers, and other practices of fair lending, new regulations are surfacing. Thus, Digital lending regulations are made up of a few components, including:
- Regulatory Authorities
- Transparency
- Ethical Operations
- Fees
- Lending terms
- Borrower Protection
- Fair lending practices
Why this event?
SkillSchool organises this event to offer a comprehensive and in-depth understanding of the current regulations governing digital lending in the country to equip aspiring banking professionals, students and any interested individual. The event will delve into the challenges that various stakeholders face and the potential scope of future development in the digital lending landscape. Banks and financial institutions are always shifting, and in the recent past, a confluence of risk factors is making banks and financial firms reel under uncertainty. Let this event take on a learning journey about the roadmap of digital lending regulations in the face of modern challenges and risks.
Learn in-depth about the regulatory framework governing digital lending platforms in India, explore future regulatory trends and gain practical insights and knowledge.
