RBI mandates reporting of digital lending apps via CIMS portal from May 13

Quick Summary:

While LSPs have more time—until 1 November 2025—to comply with the requirements relating to presentation of multiple REs to borrowers, they have a lot of work to do to ensure full compliance.

REs have an immediate deadline to meet—reporting in respect of all DLAs on the CIMS portal by 15 June 2025.

The RBI added that the list of DLAs would be made available on its website to help customers verify a DLA’s association with a regulated entity.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Deloitte Transparency Vijay Mani CIMS portal Regulated entities RBI circular Digital lending apps RBI Digital lending LSPs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 21:11:58 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28518298

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