RBI proposes new regulations for LSPs to enhance transparency in loan offerings.

The Reserve Bank of India (RBI) has proposed new regulations for lending service providers (LSPs) to enhance transparency. LSPs, acting as agents of banks, will be required to provide information on all available loan offers to borrowers, allowing them to make informed decisions. The RBI aims to promote transparency in the aggregation of loan products by LSPs, who offer services for loan products on digital platforms.

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