Friday, 24 March, 2023

RBI will whitelist all loan apps that will appear on the app store

<p>Reserve Bank in India will whitelist all loan apps that will appear on the app store. Only after getting approval can&nbsp;now a store display apps. This decision has been made to eliminate fake or suspicious apps to safeguard the interests of people. The Government will also monitor rented accounts that are being used for money laundering. When this is applied, illegal activities regarding loans and international frauds will decrease.</p>