RBI

Digital Currencies

India proposes law to ban cryptocurrencies, create official digital currency

India plans to introduce a law to ban existing cryptocurrencies such as bitcoin and create a framework for an official digital currency to be issued by the Reserve Bank, according ...

Platform News: Reserve Bank of India RBI

India’s reserve bank creates a panel to investigate digital lending practices

The Reserve Bank of India has said it had formed a working group to look into digital lending practices, after reports of policy offenses and debtor harassment by several digital l...

Platform News: Google search engine

Some lending apps thrive on India’s Google Play despite policy violations

At least ten Indian lending apps on Google’s Play Store, which have been downloaded tens of thousands of times, breached Google guidelines on loan repayment spans aimed at pr...