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Digital India Trust Agency
April 11 , 2024
23 days
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- The Reserve Bank of India (RBI) is considering a new tool in the fight against cybercrime: the Digital India Trust Agency (DIGITA).
- This proposed agency would target the rise of illegal loan apps by verifying legitimate ones and creating a public registry.
- DIGITA would act as a central hub for vetting digital loan apps.
- This verification process would ensure apps comply with regulations and operate ethically.
- Only verified apps would receive a "DIGITA-approved" seal, making them easily identifiable for borrowers.
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