
The Reserve Bank of India (RBI) and the Ministry of Electronics and Information Technology (MeitY) have been tasked with ensuring that only the whitelisted loan apps are available for download on the Google Play Store and the Apple App Store.
Union Finance Minister Nirmala Sitharaman directed the RBI on September 8 to create a whitelist of loan apps by assessing and approving apps that follow the digital lending guidelines released last month. To combat these illegal loan apps, a large-scale investigation involving multiple agencies and ministries is currently underway.








