RBI and Government Introduce Verified Digital Lending App Directory to Combat Fraudulent Loan Apps
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RBI, Govt Launch Verified Digital Lending App Directory to Combat Fraud
M
Moneycontrol•17-03-2026, 16:59
RBI, Govt Launch Verified Digital Lending App Directory to Combat Fraud
•RBI and Government of India introduce new measures to curb fraudulent digital loan applications and protect borrowers.
•Initiative strengthens regulatory framework for digital lending based on RBI working group recommendations.
•RBI guidelines mandate compliance for all regulated entities offering loans via digital platforms, with supervisory assessments and potential enforcement actions for violations.
•Ministry of Electronics and Information Technology (MeitY) blocks fraudulent loan apps under Section 69A of the IT Act.
•RBI's Digital Lending Apps (DLA) directory, operational since July 1, 2025, helps users verify legitimate lenders; citizens can report fraud via National Cybercrime Reporting Portal or SACHET portal.
