RBI has approved the First Loss Default Guarantee (FLDG) programme, which allows fintechs to partner with banks and NBFCs. This move is expected to strengthen the digital lending ecosystem and is seen as positive for data-tech NBFCs and fintechs.
RBI approves FLDG framework that allows fintechs to partner with banks, NBFCs

RBI has issued guidelines for such arrangements, which shall not be treated as 'synthetic securitization' and/or shall not attract the provisions of 'loan participation.' (Bloomberg)
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