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…

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POSTED BY

Rakesh Wynswell