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Predatory loan apps targetting gullible borrowers are thriving in India's unregulated waters, but that may not be for long.
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Predatory loan apps targetting gullible borrowers are thriving in India's unregulated waters, but that may not be for long.
Read the recommendations made by the working group set up by the RBI to study all aspects of digital lending.
It has become a game of cat-and-mouse game between law enforcement and predatory or fake lending apps in the country. Even as various police...
The Reserve Bank of India’s (RBI) working group in digital lending has approached Google, fintech lenders and non-bank lenders to submit their inputs on...
The Ministry of Electronics and Information Technology (MEITY) says that it is the responsibility of state governments to investigate cases of malpractices by predatory...
The Supreme Court on Wednesday directed the Save Them India Foundation to approach the Ministry of Home Affairs or Ministry of Finance, in order...
The Enforcement Directorate (ED) and the Criminal Investigation Departments (CID) of various state police departments have begun investigating at least two dozen fake and...
Fake digital lending apps grabbed contact information, pictures and gained network access from their borrowers’ smartphones as part of their lending operations. As the...