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While the pilot of the platform focused on digitalisation of Kisan Credit Card loans, the program will be extended to MSME loans, personal loans,...
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While the pilot of the platform focused on digitalisation of Kisan Credit Card loans, the program will be extended to MSME loans, personal loans,...
Many of these apps are impersonating legitimate financial companies that do have the necessary permissions to provide loans.
The parliamentary committee proposed mandating app stores to share "exhaustive metadata" and other information about all apps they host on their platform.
The Parliamentary Standing Committee on Finance, in its report, highlighted the need to establish a Cyber Protection Authority and formation of proactive regulations, among...
Even after reports of some apps threatening vulnerable borrowers surfaced last month, such apps continue to top the charts, bringing into question the effectiveness...
Customers can apply for a loan of up to Rs 5 lakhs, while the tenure for repayment ranges from 6 to 36 months. But...
The developers behind some of these illegal lending apps were impersonating real companies that had no connection to the app
PhonePe will now allow banks and Non-Banking Financial Companies (NBFCs) to provide loans to its merchant base through the PhonePe for Business app.
"This will further facilitate orderly development of the digital lending ecosystem and enhance credit penetration in the economy."
Earlier in February, the Ministry of Finance told the parliament that a whitelist of permitted digital lending apps has been given by the RBI...
