In a boost to fintechs, RBI releases default loss guarantee guidelines for digital lenders
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The Reserve Bank of India (RBI) on Thursday released default loss guarantee (DLG) guidelines for digital lending players, which are expected to boost the fintech players in the country. The release of the guidelines has ended the long wait of many fintech startups as lack of clarity had made banks and NBFCs wary of tying up with fintechs to launch their products