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RBI mulls to set up Digital India Trust Agency to check illegal lending apps

By Economic Times - 8 months ago
The Reserve Bank of India is considering establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps. The agency will verify digital lending apps and maintain a public register of verified ones. Apps without DIGITA's signature should be considered unauthorised for law enforcement. DIGITA will be responsible for vetting digital lending apps, promoting transparency and accountability.

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