2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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peer to server
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peer to review
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Peer to peer
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None of the above
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Detailed explanation-1: -Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).
Detailed explanation-2: -Introduction to Priority Sector Lending (PSL) Priority Sectors Lending is the role exercised by the RBI to banks, imploring them to dedicate funds for specific sectors of the economy like agriculture and allied activities, education and housing and food for the poorer population.
Detailed explanation-3: -Digital Lending: A remote and automated lending process, largely by use of seamless digital technologies for customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service. 2.4.