RBI Mandates Digital Lending App Reporting via New Portal

The Reserve Bank of India (RBI) has directed banks and regulated entities to report their Digital Lending Apps through a new portal, as part of new regulations. This initiative aims to streamline regulatory instructions, with the deadline for initial data upload set for June 15, 2025.

The Reserve Bank of India (RBI) is implementing new regulations requiring banks and regulated financial entities to report details of their Digital Lending Apps (DLAs) through the Centralised Information Management System (CIMS) portal. This move is aimed at consolidating and streamlining various regulatory instructions.

According to the RBI's Digital Lending Directions of 2025, released on Thursday, the portal will be accessible for data reporting starting May 13, 2025, with a deadline for initial submissions set for June 15, 2025. The list of DLAs is available online to help customers verify associations with regulated entities.

The RBI clarified that the DLA list on its portal would be updated automatically based on data from regulated entities, with no further validation checks from the Bank. This process allows for real-time updates as new DLAs are added or existing ones are removed.