The government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An onl...

The central government has introduced a bill, BULA, to combat unregulated lending. The bill proposes up to 10 years imprisonment and substa...

"The decision was taken after confirming that these apps attract Section 69 of the Information Technology (IT) Act as they contain material...

The Economic Offences Unit (EOU) of Bihar police recently approached Meity urging it to ban more than 100 such apps, Nayyar Hasnain Khan, A...

The report on whitelisting framework for digital lending apps (DLAs) intends to support the industry, as it will add legitimacy to the prac...

Another official said the banned apps have been asked to present documentary evidence of their operating licences, the geographies they sto...

Fintech platform PayU’s buy-now-pay-later service LazyPay’s website was taken down following a notice from MeitY. Kissht, another lending p...

Consumers will get clarity on ‘authentic’ lending apps that operate within banking regulator’s purview

This comes on the back of online loan platforms submitting documents to the government to prove they are a regulated play.

Fintech companies likely to be affected by the order also met officials of the Ministry of Electronics and IT (MeitY) on Wednesday to discu...

Some digital lending apps on Wednesday issued clarifications as the industry entered a panic mode after the Centre banned nearly 138 gambli...

Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, which included entities not connected to Chi...

Founders of several lending platforms met officials of the Ministry of Electronics & Information Technology (MeitY) in New Delhi on Tuesday...

The Ministry of Electronics and Information Technology through its latest orders has banned a total of 232 apps. Some of these apps have Ch...

A senior official at the IT ministry confirmed that there were loan apps without Chinese links which were also a part of the 230-app ban th...

India's Ministry of Electronics and Information Technology (MeitY) has begun a process to ban and block 138 betting apps and 94 loan lendin...

The Reserve Bank of India is proposing to keep commercial banks at the centre of the digital lending universe to ensure that technology is ...