RBI creating public repository of digital lending apps to curb scams ...Middle East

Mumbai: To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender, RBI Governor Shaktikanta Das announced on Thursday. “The regulated entities (REs) will report and update information about their DLAs in this repository. This measure will help the consumers to identify the unauthorised lending apps,” Das explained. Union Finance Minister Nirmala Sitharaman had also recently called upon financial sector regulators, including the Reserve Bank of India (RBI), to adopt supplementary measures to curb the rise of unauthorised online lend

Hence then, the article about rbi creating public repository of digital lending apps to curb scams was published today ( Thursday 08/08/2024 - 11:48 AM ) and is available on News room odisha ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( RBI creating public repository of digital lending apps to curb scams )

Also on site :

• ‘We can insure the ship, but we cannot insure a human life.’
• Israel’s military posted two images of Ali Choeib in what it said was a Hezbollah uniform. One was fake.
• Nelly Furtado Is More Gorgeous Than Ever 5 Months After Sharing She Quit Performing Due to Body Shaming