RBI Digital Lending Apps Reporting Starts May 13, 2025
Why in the news
Under the Reserve Bank of India (Digital Lending) Directions, 2025, RBI is cleaning up the digital lending space with uniform standards, borrower protection and transparency.
Key facts
| Item | Detail |
|---|---|
| Reporting portal | CIMS (Centralised Information Management System), active May 13, 2025 |
| Who reports | All regulated entities, for each digital lending app (DLA) |
| Deadline | June 15, 2025 |
| Public directory | Live on RBI’s website from July 1, 2025, auto-updated as apps are added or delisted |
- Lending Service Providers must show all loan offers from several lenders, including unselected ones, with lender names.
- Lenders must run due diligence on third parties: technical capability, data privacy compliance and data storage security.
Significance
- Borrowers can verify digital lenders tied to RBI-regulated entities.
- Curbs misuse of fintech platforms for exploitative lending.
- Builds trust in regulated digital finance.
Exam angle
- Full terms: DLA, LSP, RE, CIMS.
- Directory launch: July 1, 2025.