App Stores have to host RBI-regulated lending apps: Union Minister
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App stores need to host Digital Lending Apps (DLAs) regulated by the central bank Reserve Bank of India, said Dr. Bhagwat Kisanrao Karad, the Union Minister of State for Finance, in a written reply to Parliament. The RBI shared a list of digital lending apps (DLAs) being used by its regulated entities with the Ministry of Electronics and Information Technology (MeitY).