Acknowledging that she has received complaints of merciless loan collections by some banks, Union Finance Minister Nirmala Sitharaman infor...

The agency, in a statement released on Wednesday, said that its probe has revealed the modus operandi of these entities, wherein these enti...

The searches were conducted at half-a-dozen locations of the gaming app named 'E-Nuggets' and its promoter identified as Aamir Khan, the fe...

The central bank has been asked to prepare a list of legal digital lending apps while the government will help ensure that only such apps c...

The court was hearing the petition filed by Telangana-based Dharanidhar Karimojji, who works as a freelancer in digital marketing, claiming...

“Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking ...

A bench of Chief Justice D N Patel and Justice Jyoti Singh issued notice to the Centre and Reserve Bank of India (RBI) seeking their stand ...

To make digital lending more transparent, the Reserve Bank on Wednesday directed banks, NBFCs and digital lending platforms to disclose ful...

S Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.

Congress Leader Kharge said the cost of the high speed rail corridor was exorbitant and the amount could have been spent on other railway a...

Karnataka CM Siddaramaiah today warned strict action against private money lenders charging more than 14 and 16% interest rate.

An analysis of data on sectoral deployment of bank credit until Feb show that although the overall loan growth has been slower than the pre...

Cash-strapped micro-lenders in Andhra Pradesh are toying with the idea of recasting distressed loans by almost halving interest to 15%.

The RBI panel also recommends 5-fold rise in deposit insurance and removal of penalty for cheque bounces.

A RBI appointed sub-committee will examine recovery mechanism of microfinance institutions and their interest rate practices.

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Flying schools have reported an increase in the number of students from middle-class families.