scorecardresearchAvoid loan lending mobile apps as most of them are unregistered, says RBI Governor

Avoid loan lending mobile apps as most of them are unregistered, says RBI Governor

Updated: 08 Jun 2022, 02:16 PM IST
TL;DR.
Seeking loans on one of the shady apps may appear convenient, but is riddled with risk as their existence falls outside the banking regulator’s purview
Early last year, Google removed 30 loan apps from PlayStore after RBI flagged the concern. Photo: AFP

Early last year, Google removed 30 loan apps from PlayStore after RBI flagged the concern. Photo: AFP