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CASHBEAN
RBI cancels registration certificate of P C Financial Services operating 'Cashbean' app"The CoR of the company has been cancelled on account of supervisory concerns such as gross violations of RBI directions on outsourcing and...- FEMA authority orders seizure of Rs 288-cr funds of Chinese-owned NBFC giving instant loans in IndiaA competent authority of FEMA has "confirmed" seizure of Rs 288 crore worth funds of a "Chinese-owned" non-banking financial company (NBFC)...
- ED seizes Rs 131 cr funds of Chinese-owned NBFC for forex law violationThis case came under the ED radar during a separate money laundering probe against a number of NBFCs and FinTech companies which are linked...
- Some lending apps thrive on India's Google Play despite policy violationsSome of these apps apply steep processing fees.
- RBI cautions public against unauthorised digital lending appsOnly licensed banks and non-banking financial companies (NBFCs) given authorization by the central bank can do public lending activities, t...
- Collection under stress, NPA may rise to 15%: CashBeanCollections are down drastically due to the impact of COVID-19, said PC Financial Services Chief Financial Officer Raghuvir Gakhar.
- Loan apps turn nightmare for borrowersHundreds of customers have taken to social media to complain of intimidation and harassment by collection agents of online loan application...
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