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...

Over half of India's population, residing in semi-urban and rural areas, faces limited access to formal credit, forcing reliance on predato...

India's retail market, valued at $820-840 billion in 2023, is driven by around 100 million micro and small retailers. These small businesse...

India's financial stability panel aims to standardize customer verification processes across the financial sector to curb illegal lending t...

Industry stakeholders are of the view that this is a win-win situation for both lenders and borrowers. They expect it to bolster financial ...

Nithin Kamath, the founder of Zerodha, has issued a stark warning about the alarming rise of predatory digital lending apps.

While fintechs rejoice the recognition of this arrangement, with a small cap the regulator has ensured no unwanted risk buildup in this spa...

Chief Economic Advisor V Anantha Nageswaran on Wednesday asked the finance industry to observe self-restraint and stop predatory practices,...

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

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

It said a large number of complaints have been reported across India related to illegal digital lending apps that provide short-term loans ...

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...

Finance Minister Nirmala Sitharaman asked the Reserve Bank of India (RBI) to prepare a list of all the legal loan applications

The Enforcement Directorate (ED) on Thursday searched the premises of leading crypto exchange CoinSwitch Kuber for alleged Foreign Exchange...

Subbarao today cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparativel...

RBI approved creation of a separate category of specialised finance companies called NBFC-MFIs to cater to low-income groups.

The Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.