April 3, 2024

The Rise of Illegal Lending Apps in India: A Threat to Financial Stability

The Reserve Bank of India (RBI) is taking proactive steps to combat the rise of illegal lending apps in the country by considering setting up a Digital India Trust Agency (DIGITA). The move comes in response to the growing concerns over the proliferation of such apps that exploit vulnerable customers with high interest rates and…

Read more


Rakesh Wynswell