200 SIM Cards, 1 Number: Threat To Woman Leads Tamil Nadu Cops To Loan App Gang
Chennai: A tip-off from a woman in Tamil Nadu’s Tiruppur district, who was being threatened over a loan of Rs 18,000 she’d taken via an app, has led to arrest…
Regulatory Mechanism Soon For Digital Lending Platforms: RBI Governor
RBI will soon come out with regulatory architecture for digital lending platformsMumbai: Reserve Bank of India (RBI) will soon come out with regulatory architecture for digital lending platforms, many of…
Digital Lending Apps Under Scrutiny, User Discretion Needed: RBI Governor
RBI Governor has said that most of the lending apps are unregisteredAmid rising reports of people being harassed on failing to repay loan instalments on money borrowed through digital lending…
RBI Has Found 600 Illegal Lending Apps, Government Blocked 27 Of Them
Government has blocked 27 illegal lending appsAround 600 illegal lending apps have been found by a Reserve Bank of India (RBI) working group, while the government has blocked 27 such…