Securities and Exchange Board of India (Sebi) launches Verified App Label with Google to curb digital fraud

Key facts

• Securities and Exchange Board of India (Sebi) introduced the Verified App Label Initiative in collaboration with Google to help investors identify genuine trading and investment apps on the Google Play Store.
• Sebi Chairman Tuhin Kanta Pandey stated the initiative is designed to reinforce trust and safety in India’s digital investment ecosystem.
• India’s securities market has over 140 million unique investors and a market capitalisation of nearly ₹423 trillion.
• Sebi has escalated over 1.3 lakh instances of misleading investment-related content for takedown and flagged 66 fake trading apps, which have been removed from app stores.
• Sebi has also implemented an API-based framework to ensure only verified intermediaries can run advertisements.