business rbi issues new guidelines for loan service providers to ensure transparency in multi lender loan off

Rbi Issues New Guidelines For Loan Service Providers To Ensure Transparency In Multi-lender Loan Offers

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Reserve Bank of India released new guidelines for loan service providers. These rules address loan deals involving multiple banks and NBFCs. LSPs must show all matching loan offers on a digital platform. This display needs to include key loan details. RBI aims to ensure transparency and fair comparison. The regulator prohibits biased content and misleading tactics.