India, July 21 -- The Government of India has issued a release:
The Government has been constantly engaging with the Reserve Bank of India (RBI) and other concerned Regulators/stakeholders to curb the operations of fake/illegal loan apps in the country. For public information, RBI has operationalized a directory 'Digital Lending Apps (DLAs)' on its website with effect from 01.07.2025, including DLAs engaged by Regulated Entities (REs) of RBI. The directory aims to aid the customers in verifying the claim of a DLA's association with a RE.
Ministry of Electronics and Information Technology (MeitY) has so far blocked a total of 87 illegal loan lending applications under section 69A of the Information Technology Act 2000 after following the d...