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The Reserve Bank of India (RBI) has come out with a regulatory framework to permit default loss guarantee arrangements in digital lending.The RBI had barred the first loss default guarantee arrangement under the digital lending norms. Under this credit-risk sharing agreement, a certain percentage of the default loan portfolio of banks and NBFCs (registered entities) are guaranteed by a third party, a fintech or lending service provider (LSP).According to the new guidelines, the entities may enter into default loss guarantee arrangements only with a lending service provider or other entities with which it has entered into an outsourcing arrangement. Further, the LSP providing default loss guarantee must be incorporated as a company under the Companies Act, 2013. It indicates that entities can accept default loss guarantees in forms like cash deposited with the entities, fixed deposits maintained with a scheduled commercial bank with a lien (a legal claim or legal right which is made against the assets that are held as collaterals for satisfying a debt ) marked in favour of the entities and bank guarantee in favour of the registered entities.The registered entities will ensure that a default cover could be provided for up to 5 percent of the loan portfolio. In case of implicit guarantee arrangements, the Digital Lending Guidelines (DLG) provider will not bear performance risk of more than the equivalent amount of 5 percent of the underlying loan portfolio.According to the guidelines, the registered entities will invoke default loss guarantee within a maximum overdue period of 120 days, unless made good by the borrower before that.
Statement:
Only a few horses are camel.
Mostly camel are rabbit.
Each rabbit is cow.
Conclusion:
1. All horse bein...
Read the given statements and conclusions carefully. Decide which of the given conclusions is true based the given statements.
Statement: Dhoni i...
In the following question, two statements are given each followed by two conclusions I, II & III. You have to consider the statements to be true even i...
Statement:
Only few Lion are tiger
No tiger are dog.
Only cat are dog.
Conclusion:
I. Some lion are tiger.
<...Statements:
Atleast trimmer are dryer.
Only a few straightener are dryer.
No machine is trimmer.
Conclusions:
I. All ...
Statements: S ≥ R > P < Y; R > T ≥ Z; U < T ≥ V
Conclusions:
I. S > V
II. Z ≤ Y
III. Y < Z
Statements: R < S < T < U; T < V < W
Conclusions: I. W > R II. U > V
...Two statements have been given followed by two conclusions (I) and (II). Assuming the statements to be true, even if they seem to be at variance from co...
Infant jaundice is yellow discoloration of new born baby's skin and eyes which occurs because the baby's blood contains an excess of a yellow pigment c...
For a trophy, 16 teams participate, numbered 1-16 according to their rankings. In the qualifier matches, the teams face their immediate next lower ranke...
