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

Regulated entities (REs) will now be required to report details of their digital lending apps (DLAs) through the centralised information management system (CIMS) portal of the Reserve Bank of India (RBI), the regulator said in a circular.

According to the circular, the portal will be operational for reporting from May 13, and entities will have time till June 15 to upload their initial data.