Digital India Trust Agency

• The Reserve Bank of India is considering establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps.

ABOUT DIGITAL INDIA TRUST AGENCY

• It will be responsible for stopping illegal lending apps from popping up.
• It will enable the verification of these digital lending apps and will maintain a public register of these verified applications.
• Any app which will not carry the “verified” tag of DIGITA, will be considered unauthorized.
• This will create an important and much-needed checkpoint in the fight against online financial fraud.