Searched for
PREDATORY LENDING PRACTICES
Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...- Unregulated lending may soon be bannedThe government is likely to introduce a bill in the upcoming monsoon session of Parliament to ban unregulated lending activities, aiming to...
- Siddaramaiah talks tough on MFIs employing goondas to recover loansThe State Government has decided to take strict action against micro-finance institutions (MFIs) demanding high interest rates and harassin...
- Centre proposes bill to ban unregulated lendingThe 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...
- Bridging the credit gap: The road to financial well-being in semi-urban, rural IndiaOver half of India's population, residing in semi-urban and rural areas, faces limited access to formal credit, forcing reliance on predato...
- View: Keep our small retailers up and runningIndia's retail market, valued at $820-840 billion in 2023, is driven by around 100 million micro and small retailers. These small businesse...
- India set to standardise 'know your customer' banking checksIndia's financial stability panel aims to standardize customer verification processes across the financial sector to curb illegal lending t...
- RBI move to bring transparency in MSME loans will curb hidden charges, predatory lending practices, says industryIndustry stakeholders are of the view that this is a win-win situation for both lenders and borrowers. They expect it to bolster financial ...
- Zerodha's Nithin Kamath warns against shady loan apps, sheds light on key red flagsNithin Kamath, the founder of Zerodha, has issued a stark warning about the alarming rise of predatory digital lending apps.
- RBI has walked a tightrope with 5% cap on FLDGWhile fintechs rejoice the recognition of this arrangement, with a small cap the regulator has ensured no unwanted risk buildup in this spa...
- CEA asks finance industry to observe self-restraint, not to indulge in predatory practicesChief Economic Advisor V Anantha Nageswaran on Wednesday asked the finance industry to observe self-restraint and stop predatory practices,...
- Chase India report proposes self-regulatory organisation for digital lending industryThe report on whitelisting framework for digital lending apps (DLAs) intends to support the industry, as it will add legitimacy to the prac...
- RBI to share whitelist of digital loan apps soonConsumers will get clarity on ‘authentic’ lending apps that operate within banking regulator’s purview
- Home Ministry asks states, UTs to take urgent action against predatory Chinese lending appsIt said a large number of complaints have been reported across India related to illegal digital lending apps that provide short-term loans ...
- 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...
- RBI to issue whitelist of all legal loan apps, app stores can host only theseFinance Minister Nirmala Sitharaman asked the Reserve Bank of India (RBI) to prepare a list of all the legal loan applications
- ED now raids CoinSwitch Kuber, firm says engaging with all stakeholdersThe Enforcement Directorate (ED) on Thursday searched the premises of leading crypto exchange CoinSwitch Kuber for alleged Foreign Exchange...
- D Subbarao cautions against creating 'too-large-to-fail bank'Subbarao today cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparativel...
- Microfinance institutions embark on a new course after creation of NBFC-MFIsRBI approved creation of a separate category of specialised finance companies called NBFC-MFIs to cater to low-income groups.
- Creation of low-income micro-lending NBFC clearedThe Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.
Load More
