India, July 20 -- The Government of India has issued a release:
The Government has been constantly engaging with the financial sector regulators and other concerned stakeholders to review the issues related to fintech ecosystem including digital lending platforms and payment aggregators in the country.
Based on such review assessment, various regulatory and supervisory interventions have been taken from time to time which, inter alia, includes the following:
In addition to the above, for safeguarding the interests of consumers and facilitate citizens to report cyber incidents, including illegal loan apps, the Ministry of Home Affairs (MHA) has launched the National Cybercrime Reporting Portal (www.cybercrime.gov.in) and a National Cyberc...