RBI Issues Revised Guidelines for Digital Lending Apps.

Banking & Finance | Dated: 19 Feb 2026

The Reserve Bank of India (RBI) issued revised guidelines for digital lending applications to curb predatory lending practices. The new rules mandate strict disclosures of Annual Percentage Rates (APR) and prohibit platforms from accessing mobile phone media and contact lists.

🎯 Key Highlights:

  • Cooling-off periods for borrowers are now mandatory.
  • All loan disbursals must occur directly between bank accounts.
  • The guidelines apply to all regulated entities (Banks and NBFCs).

💡 Other Important Facts:

  • Sector: Digital Lending.
  • Action: Revised Guidelines.
  • Regulator: RBI.

📚 Test Your Knowledge:

Which regulatory body mandated strict APR disclosures and restricted data access for Digital Lending Apps?

Correct Answer: Reserve Bank of India

🚀 Quick Recap:

About RBI

  • Governor – Shaktikanta Das
  • HQ – Mumbai