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On the night of February 21, 2024, the Union Cabinet, in a historic move, announced its decision to amend the Foreign Direct Investment (FDI) policy in the space sector, by creating new sub-sectors wi...
Published On: 23/06/2023
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Nearly a decade after the digital lending space first saw default loss guarantee arrangements, they seem to have received regulatory blessing from the Reserve Bank of India, with the issuance of the Default Loss Guarantee Guidelines, on June 8, 2023 which explicitly permit and regulate such arrangements in the digital lending space. With specific regulation, the RBI has taken a welcome step towards building trust in the digital lending ecosystem by ensuring that such offerings are subject to certain regulations and caps
