RBI Guidelines & Regulated Lenders
The Reserve Bank of India regulates and supervises scheduled commercial banks and digital NBFCs to ensure integrity, borrower safety, and monetary stability.
Statutory Regulation
Setting benchmark financial policies, capital adequacy requirements, and fair practice codes.
Regulatory Supervision
Periodic audits of commercial banks and NBFCs to ensure compliance with lending laws.
Digital Lending Directives
Mandates transparent Key Fact Statements (KFS) and direct bank-to-borrower disbursals.
Consumer Protection
Zero tolerance for predatory recovery practices, hidden fees, or dark patterns.
Monetary Stability
Managing national liquidity and credit availability to foster sustainable economic growth.
Financial Inclusion
Enabling digital access to affordable credit lines for underserved Indian demographics.
Major Scheduled Commercial Banks in Consortium
Operating under Master Directions and digital lending frameworks
Strict Adherence to RBI Digital Lending Rules
CoverMantra does not handle loan disbursals or collections. All loan proceeds flow directly from the bank's account to the borrower's verified bank account without pass-through pools.
CoverMantra Services Private Limited
CIN: U46109DL2024PTC438732
Key Fact Statements (KFS) provided upfront before agreement signing.
Zero advance processing charges. 100% transparent fee structure.