 "Lending, Banks")
The Ministry of Electronics and Information Technology (MeitY) is currently in consultation with Google Play to find a way to curb malpractices by digital lending apps. The options may include restricting the apps from accessing user data, people in the know said, although some officials believe the issues can only be tackled case by case.
The developments come a week after the Reserve Bank of India (RBI) recommended a law for Banning of Unregulated Lending Activities (BULA) to safeguard borrowers from predatory lending, harassment, and blackmail.
In its regulatory framework dated August 10, the central bank has mandated that the
