09-09-2022 02:58 PM | Source: Reuters
India to prepare a 'whitelist' of digital lending apps
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The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which indulge in unethical lending and recovery practices, the government said in a notification on Friday.
The central bank has been asked to prepare a list of legal digital lending apps while the government will help ensure that only such apps conduct lending, it said.
(Reporting by Nupur Anand; editing by Jason Neely)
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