The Enforcement Directorate (ED) and the Criminal Investigation Departments (CID) of various state police departments have begun investigating at least two dozen fake and...
The rapid growth in fintech lending has helped first time borrowers access formal credit channels. But loan repayment collections have been poor, leading to...
While traditional lenders have historically ignored small businesses, merchants and some customer segments, payment players have banked on the swaths of data they have...
BharatPe has raised $20 million (₹139 crore) through a debt funding round from Alteria Capital and ICICI Bank. The merchant-focused loan and payments app...
Fake digital lending apps grabbed contact information, pictures and gained network access from their borrowers’ smartphones as part of their lending operations. As the...
Google has sent emails to several digital lending mobile applications on its Play Store, requiring their operators to submit details of their regulatory and...
The Reserve Bank of India (RBI) has constituted an internal working group to recommend regulations for digital lending platforms and mobile applications, it said...
The Kerala government is mulling a legal framework to regulate predatory digital lending apps, the News Minute reported. In recent months, a spate of...