RBI gives green signal to first loss default guarantee (FLDG) framework; here's how will fintech, banks, NBFCs benefit
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.
Aditya Damani Kumar Goel Subhrangshu Neogi Karthik Srinivasan Lending Service Providers Lsps Co Founder
Source: livemint.com