Explained: RBI's New Move To Check Digital Borrowing

The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices. RBI Governor Shaktikanta Das has proposed to create a public repository of digital lending Apps (DLAs) to check such practices. The move, says the RBI Governor, will assist the efforts to establish a robust digital lending ecosystem in the country.

 

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