RBI to issue whitelist of lending apps allowed on app stores

What’s the news: The Reserve Bank of India (RBI) will prepare a whitelist of all legal lending apps and the Ministry of Electronics and Information Technology (MeitY) will ensure that only these whitelisted apps are hosted on app stores like Google Play and Apple App Store, the Ministry of Finance said in a press release issued on September following a meeting held with various government departments to discuss various issues related to illegal loan apps.

Link: RBI to issue whitelist of lending apps allowed on app stores
via http://www.medianama.com

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