A lender's legal risk rarely surfaces in the deal itself. It sits upstream, in whether the loan documentation was built for the borrower it's actually used on, whether the specific outsourcing arrangement can survive an RBI inspection, whether the KYC and digital lending workflow matches what the directions actually require, and whether the facility structure holds up when a borrower defaults or a regulator asks questions. For a bank or NBFC, this is not occasional work but the daily fabric of running a lending book, and it is where most of our mandates begin. RBI's regulatory framework doesn't stay still, and neither does our documentation. We track the directions as they evolve and update our positions and templates accordingly, rather than working off precedent that has gone stale.