RBI will decide which loan app will remain on Google Play Store and which will not. RBI DIGITA will check illegal lending apps on

Fraud in loan apps may soon reduce. RBI has taken strict action against loan distribution apps. Now only those loan apps will be available on Google Play Store which get approval from RBI. In fact, in the last few days, the number of loan disbursing apps had increased, most of these apps turned out to be Chinese, which were stealing personal details of the users. Not only this, these apps steal the personal details of the users and blackmail them. Apart from this, these apps suddenly increase the interest rate as per their wish and when the users are unable to repay the amount, they put pressure on them. However, now you do not need to be afraid, because RBI has geared up against such loan apps.

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Brijesh Pratap
Brijesh Pratap

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