Abstract Background

'#SIMPLIFIED' is an initiative independently handled by the Centre for Corporate Law (CCL) which aims at introducing the latest developments in the legal and business world by highlighting the intersection of 'Business and Law' in a crisp and simple manner.​​

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#14

RBI's Digital Lending Guidelines: Comply Now or Pay Later

 

In this edition of our flagship article series #SIMPLIFIED, we are excited to bring to you "RBI's Digital Lending Guidelines: Comply Now or Pay Later"

In this edition, our authors bring before you the shocking instances of predatory practices in the digital lending sector. From unconsented increase of borrowing limits to privacy concerns, this space has left open a Pandora's box full of problems in its wake.

 

Before you make up your mind to rush to your nearest bank office whenever you need to lend, do give this edition a read-- for the authors highlight how the Reserve Bank of India comes to the customers' rescue with its new digital lending guidelines. Or does it?

#Simplified, being an independent initiative managed by the Centre for Corporate Law (CCL) aims to further a simplified intersection of business and law.


In our food for thought section, we leave our readers with some thought-provoking questions to ponder upon. Do enlighten us with your opinion on our social media handles!

We hope this #SIMPLIFIED article gives our readers a comprehensive insight into the issue. 

White Sheet

ABOUT #SIMPLIFIED

​​The envisionment of #Simplified owes origins to LexTech - Centre for Law, Entrepreneurship and Innovation (LexTech). Back then, the endeavour was commenced to promote simplified disbursement of business news. LexTech, then led by Shashvat Prakash (Batch of 2023), executed the first issue of #Simplified. After which, Arshit Kapoor (Batch of 2023) who then led the Centre for Corporate Law (CCL) proposed the collaboration of CCL with LexTech on the #Simplified.

 

The rationale was to promote the intersection of business and law. The collaboration​​ simplified business updates and connected the business with the law in an uncomplicated manner. In fact, CCL introduced 'infographics' in the #Simplified for further simplification of business updates. 

​After collaborating on four successful editions, CCL is pleased to announce exclusive management of #Simplified. Henceforth, #Simplified would roll out as an independent initiative managed by CCL. Team CCL looks forward to igniting curiosity in the minds of law students with upcoming editions of #Simplified!