RE (Regulated Entity) (विनियमित संस्था (आरई))
A Regulated Entity is an institution supervised by RBI — banks, NBFCs, cooperative banks — that is legally allowed to lend. In digital lending only the RE can sanction, disburse and collect your loan, no matter which app or LSP you applied through.
Worked example
You apply via an LSP app and get a ₹25,000 offer; the sanction letter and KFS name "XYZ Finance Pvt Ltd (NBFC)". That NBFC is the RE — the actual lender responsible for your loan and answerable for your complaints.