RBI to set up public repository of digital lending apps to help customers
By
Binu Mathew
The Reserve Bank of India (RBI) is setting up a public repository of digital lending applications (DLAs) of regulated entities such as banks and non-banking financial companies (NBFCs).
The repository will help customers verify associations between DLAs and regulated entities and is in response to fake digital lenders falsely claiming they have relationships with banks and NBFCs.