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DEVICE BLOCKING BY LENDERS
Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...- RBI proposes rules to let lenders disable phones for loan defaultsThe Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for dev...
- Struggling with a big credit card bill? Converting to EMIs may help but read the fine print firstConverting large credit card bills to EMIs offers immediate relief by breaking down payments, but comes with significant costs beyond state...
- Swiggy-Zepto war heats up; Smartphone credit default risesHappy Friday! Swiggy and Zepto are fighting for the second spot in the fiercely competitive quick commerce sector. This and more in today’s...
- Smartphone EMI defaults rise as lenders stop remote cell blockingLoan defaults on smartphones are climbing after the Reserve Bank of India (RBI) barred non-banking lenders from remotely blocking devices w...
- Cybersecurity startup Deep Algorithm raises Rs 10.8 crore from Unicorn India VenturesThe company, which focuses on fraud prevention in the finance sector, will use the fresh funds to scale engineering and threat intelligence...
- BluSmart fleet on the block, HCL-Foxconn semicon JVLenders and lessors are planning to sell EVs on the BluSmart fleet to recover their dues. This and more in today’s ETtech Morning Dispatch.
- RBI ups UPI limit; US court on Byju’s vs BCCIThe central bank has increased the limit for tax payments through UPI. This and more in today’s ETtech Top 5.
- ETtech Explainer: why are quick-loan apps under the government scanner?The Ministry of Electronics and Information Technology through its latest orders has banned a total of 232 apps. Some of these apps have Ch...
- Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?There are several juggling acts going on here, apart from the millions of small businesspeople reconciling their accounts across the many s...
- Top stocks in focus on 19 December 2017Here is a list of top stocks that are likely to be in focus in today's trading session.
- Are we moving into a more efficient cashless, digital payments & seamless taxation system?Technological changes may not surprise us overnight. Rather it would be an incremental test of companies and its leadership to recognise th...
- KFA brands fail to find buyers; bad time continues for banksLegal experts said the entire brand value of the Kingfisher brand has taken a beating and so bidders remained elusive.
- Banks to auction Kingfisher Airlines brands again tomorrow at lower priceBankers in April had made a failed attempt to sell brands and trademarks of the long grounded airlines, owned by the beleaguered airline pr...
- Lenders to revalue Kingfisher House, hope to sell it shortly"A revaluation process has begun and will be over by the next week. The property will put on the block again at the earliest," a source sai...
- Only aviation companies can fly with Kingfisher logo, warns United BreweriesUsing the logo for any other purpose will be legally challenged by UB since it holds exclusive rights to the brand, the company warned.
- Kingfisher Airlines' lenders put Kingfisher logo on block to recover duesThe logo belongs to Kingfisher Airlines and was pledged with lenders by the company before it collapsed amidst a price war and spiralling b...
- What is and what is not Fintech?E-Payments -The system of e-payments have gained popularity with the ever rising popularity of the Internet.
- OneAssist raises Rs 50 crore from US co AssurantThe Mumbai-based startup stores specific information of registered consumers and blocks all transactions on their lost cards.
- Banks to allow cardless withdrawals at 1 lakh ATMs by year-endLenders such as Bank of India and Kotak Mahindra Bank already allow customers to remit funds to anyone with a mobile phone.
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