India, March 18 -- The Reserve Bank of India (RBI) and the Government of India have announced new measures to address the issue of fraudulent digital loan applications operating in the country. The initiative aims to strengthen the regulatory framework for digital lending and improve protection for borrowers using online lending platforms. The measures follow recommendations from an RBI working group that examined digital lending through online platforms and mobile apps. Based on these recommendations, RBI introduced guidelines for digital lending to ensure that financial institutions offering loans through apps follow regulatory standards. According to the government, the framework is intended to make the digital lending ecosystem more t...