[Economy] RBI FLDG Norms- FIRST LOSS DEFAULT GUARANTEE (FLDG) Simplified / Explained

RBI's FLDG Norms aim to help the bank/NBFC to protect from the NPA/loan default losses created by the digital lenders to whom they had loaned the money. It’ll require the digital loan companies some of the loan default shop before passing it to the original Bank/NBFC. 🛎️Join https://telegram.me/mrunalorg for more tit-bits on UPSC IAS/IPS & other competitive exams