The Reserve Bank of India (RBI) will draw up a list of eligible loan apps that can be hosted on app stores, forming the core of a multi-pronged government strategy to rein in illegal digital lending outside regular banking channels.
Key ministries are split over the issue of whether to regulate over-the-top (OTT) players, or apps, such as WhatsApp, Telegram and Signal.
India’s exports have taken a knock with demand crashing in several developed world economies as record-high inflation and its stiff monetary antidote dent consumer sentiment.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
The curious case of ONGC: what led to the fall of a prosperous Maharatna into penury
Serious adverse events after vaccines are rare. But are the reporting and relief processes lacking?
ED raid at payment firms is a tale of missing merchant KYCs. Will betting sites face the heat, too?
In Case you missed it
Choose your reason below and click on the Report button. This will alert our moderators to take action
Your Reason has been Reported to the admin.
To read full story, subscribe to ET Prime
Super Saver Sale - Flat 30% Off
You can cancel your subscription anytime
(Pay Using Netbanking/UPI/Debit Card)
15 Days Trial + Includes DocuBay and TimesPrime Membership.
15 Days Trial + Includes DocuBay and TimesPrime Membership.
Get ET Prime for just ₹2499 ₹1749/yr
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Stories you might be interested in