Tag: CRISIL report

First Loss Default Guarantee: Settling the Disquiet in the Fintech Sector

17th January, 2024 - 9:53 am Categories: Banking RBI 0 Comments

The Reserve Bank of India (“RBI”) issued Guidelines on Default Loss Guarantee in Digital Lending on 8th June 2023, to give a green signal to Default Loss Guarantee or First Loss Default Guarantee (“FLDG”) arrangements between Banks or Non-Banking Financial Companies (“Regulated Entities” or “RE”) and Lending Service Providers (“LSPs”) (typically a Fintech entity). This … Continue reading First Loss Default Guarantee: Settling the Disquiet in the Fintech Sector