Safir Anand and Arpita Mukherjee discuss the position of FinTechs / digital Lending Service Providers within RBI’s new Monetary Policy Committee (MPC) which brought back to life the popular bank-fintech partnership model. In this opinion piece carried by @BarandBench they dissect what went wrong with the First Loss Default Guarantee arrangement and the ‘dos and don’ts’ now in place for all three parties involved in a financial transaction – the fintech (LSP), the bank (RE) and the actual borrower.
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