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EXORBITANT LOANS
Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...- Can you fulfil your study abroad dream without going broke? Here are 7 ways to minimise costsStudying abroad involves more than just academic merit; it's a significant financial investment. Indian students often underestimate hidden...
- Chinese syndicates to keep hurting India via loan app scams: Cyber expertChinese loan apps, operated by Chinese criminal syndicates and gangs, are causing significant financial losses in India. Pavan Duggal, a cy...
- Directed banks to "sensitively" deal with loan collections, says Nirmala Sitharaman in Lok SabhaAcknowledging that she has received complaints of merciless loan collections by some banks, Union Finance Minister Nirmala Sitharaman infor...
- ED attaches ₹106cr assets in Chinese loan app caseThe agency, in a statement released on Wednesday, said that its probe has revealed the modus operandi of these entities, wherein these enti...
- ED seizes over Rs 7 cr cash after raids in Kolkata against promoters of fraud gaming appThe searches were conducted at half-a-dozen locations of the gaming app named 'E-Nuggets' and its promoter identified as Aamir Khan, the fe...
- India to prepare a 'whitelist' of digital lending appsThe 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...
- Online lending platforms offering loans at exorbitant rates: HC asks RBI to file status reportThe court was hearing the petition filed by Telangana-based Dharanidhar Karimojji, who works as a freelancer in digital marketing, claiming...
- Online lending platforms can't be allowed to charge exorbitant interest: Delhi High Court“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 ...
- PIL seeks regulating online lending platforms; Delhi HC seeks Centre, RBI standA 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 ...
- RBI asks banks, NBFCs to disclose digital lending agents upfrontTo make digital lending more transparent, the Reserve Bank on Wednesday directed banks, NBFCs and digital lending platforms to disclose ful...
- NCLT gives nod to liquidate S KumarsS Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.
- Noisy scenes in Lok Sabha over Mumbai-Ahmedabad bullet trainCongress Leader Kharge said the cost of the high speed rail corridor was exorbitant and the amount could have been spent on other railway a...
- Exorbitant loans triggering farmer suicides: Karnataka CM SiddaramaiahKarnataka CM Siddaramaiah today warned strict action against private money lenders charging more than 14 and 16% interest rate.
- PSU banks put up strong show, may not need to 'press up' numbersAn analysis of data on sectoral deployment of bank credit until Feb show that although the overall loan growth has been slower than the pre...
- MFIs ready to halve Andhra Pradesh loan ratesCash-strapped micro-lenders in Andhra Pradesh are toying with the idea of recasting distressed loans by almost halving interest to 15%.
- Home loan: RBI panel favours uniform rates for old, new borrowersThe RBI panel also recommends 5-fold rise in deposit insurance and removal of penalty for cheque bounces.
- RBI panel to examine recovery mechanism of MFIsA RBI appointed sub-committee will examine recovery mechanism of microfinance institutions and their interest rate practices.
- Query Corner: Banking & FinanceOur expert guides you in matters relating to banking & finance.
- Middle-class pilotsFlying schools have reported an increase in the number of students from middle-class families.
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