New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The RBI's initiative to enhance digital lending transparency is primarily aimed at:

    A Reducing the number of digital lenders in the market. Correct Answer Incorrect Answer
    B Encouraging higher interest rates and fees. Correct Answer Incorrect Answer
    C Ensuring borrowers are well-informed about their loan options. Correct Answer Incorrect Answer
    D Discouraging technological innovation in financial services. Correct Answer Incorrect Answer
    E Increasing the market share of traditional banks. Correct Answer Incorrect Answer

    Solution

    The guidelines aim to provide borrowers with essential information upfront, promoting transparency and informed decision-making in the digital lending ecosystem.

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