To counter illegal loan apps, RBI to prepare ‘whitelist’ on app stores

The Reserve Bank of India (RBI) will prepare a “whitelist” of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these “whitelist” apps are hosted on app stores. This decision was taken at a high level meeting on issues related to illegal loan apps, which was chaired by Finance Minister Nirmala Sitharaman on Thursday, September 8.

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