Which of the following Act will govern the Digital

Q: Answer- Which of the following Act will govern the Digital Lending regulatory framework in India?

The Reserve Bank of India RBI released guidelines on digital banking units in April 2022 and issued guidelines on digital lending in September 2022. These regulations include regulations related to customer protection and conduct requirements, technology and data requirements and the regulatory framework. These directions given by RBI are issued under sections 21, 35A and 56 of the Banking Regulation Act, 1949, sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934.

Lending regulatory framework in India?

A Information Technology Act, 2000 Correct Answer Incorrect Answer

B Banking Regulation Act, 1949 Correct Answer Incorrect Answer

C Prevention of Money Laundering Act, 2002 Correct Answer Incorrect Answer

D Finance Act, 2022 Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

The Reserve Bank of India (RBI) released guidelines on digital banking units in April 2022 and issued guidelines on digital lending in September 2022. These regulations include regulations related to customer protection and conduct requirements, technology and data requirements and the regulatory framework. These directions given by RBI are issued under sections 21, 35A and 56 of the Banking Regulation Act, 1949, sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934.

Practice Next

More Financial Management Questions

इनमें से क्या समसामयिक का सही अर्थ है?
The officials who were assigned duties in elections, they were trained by the training officer priors to elections.
स्मृति आधारित कौन से अनुवाद टूल को प्राइज के अंतर्गत बताय�...
राजभाषा अधिनियम, 1963 की धारा 3 किस तिथि से लागू हुई?
राजकीय प्रयोजनों के लिए गठित राजभाषा की सर्वोच्च समिति क�...
दिए गए प्रत्येक प्रश्न में एक अंग्रेजी का वाक्य दिया गया �...
आप डूबे तो जग डूबा का अर्थ है -
राजभाषा आयोग का गठन किसके द्वारा किया जाता है ?
किसी भाषा को किसी राज्य की राजभाषा के रूप में अंगीकार करने...
निम्नलिखित में से कौन-सा कवि भारतीय संस्कृति के प्रचीनतम �...

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question