RBI Spots 600 Illegal Lending Apps Out Of 1,100 Available On Different App Stores
Shortpedia
Content Team
Image Credit: USA today
The Reserve Bank of India’s Working Group on digital lending through online platforms and mobile apps set up in January this year said that 600 of the 1,100 lending apps on app stores are operating illegally. The working group submitted a report which revealed this information from the group’s research.
