
WhatTheFLDG?
Rupa Karki
8 min•0 plays•0 favorites
Business & Finance
Description
<p>On Thursday, the Reserve Bank of India (RBI) <a href="https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0" rel="noopener">published a circular</a> on something called a First Loss Default Guarantee (FLDG). And in today’s episode for June 12th 2023, we tell you everything you need to know about it and why fintech startups are breathing a sigh of relief. </p>