Current Affairs · Banking Regulation

With reference to the Reserve Bank of India’s (RBI) regulatory framework for digital lending, consider the following statements: 1. All loan disbursals and repayments must be executed directly between the bank accounts of the borrower and the regulated entity, without any pass-through account. 2. Regulated entities must ensure that a standardised Key Fact Statement (KFS) containing all fees, charges, and APR is provided to the borrower upfront. 3. The framework strictly prohibits automatic increases in credit limits without the borrower’s explicit consent. Which of the statements given above are correct?