RBI announces to create repository to check unauthorised lending Apps

Mumbai (Maharashtra) [India], August 8 (ANI): 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 Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities. The regu