JSA
The Reserve Bank of India (“RBI“) issued the ‘Guidelines on Default Loss Guarantee in Digital Lending’ (“DLG Guidelines“) on June 8, 2023, bringing in clarity and permissibility to loss sharing arrangements in digital lending which are termed as default loss guarantee (“DLG“) or first loss default guarantee (“FLDG“).
Please click here to read the full article by Tirthankar Datta and Ciol Kumar, published in Modaq.
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Ciol is a member of the Banking & Finance practice. She advises lenders and borrowers on different types of domestic and cross border lending transactions. She also advises clients on debt restructuring and insolvency law.