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DeepNewz, mobile.
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The Reserve Bank of India (RBI) is considering establishing a special agency called Digital India Trust Agency (DIGITA) to tackle illegal lending apps. DIGITA aims to verify digital lending apps to combat financial crimes and enhance law enforcement. The move is expected to improve transparency in digital lending by removing unscrupulous apps. Additionally, RBI's decision to make net banking interoperable on March 4 has been praised for achieving a key target set by fintech policymakers.
The Reserve Bank of India’s decision on March 4 to make #netbanking #interoperable, has helped the country achieve one of the initial targets of fintech policymakers
The #RBI's DIGITA to verify digital lending apps, combat financial crimes https://t.co/Ihw4ru4rSi
RBI plans to combat cyber fraud via DIGITA, verifying apps to enhance law enforcement. Transparency in digital lending improves with the removal of unscrupulous apps. https://t.co/NnPOMG4QNy
