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SMARTPHONE LOAN DEFAULTS
Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- Smartphone volumes may dip 5-7% in FY27; industry value to grow 8-10% amid higher device costs: ICEAIndia's smartphone market faces a volume drop of 5-7 percent this financial year. However, value is expected to rise 8-10 percent due to in...
- 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...
- October’s festive sale blitz fails to glam up consumer durable lending marketIn the midst of a holiday shopping boom, the pulse of consumer lending remains surprisingly subdued. Financial institutions are clamping do...
- 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...
- What's next for esports cos; IT deal renewals hitIndia's video gaming companies are seeking policy support after the real-money gaming ban. This and more in today's ETtech Top 5.
- Smartphone loan defaults surge amid push for premium upgradesMobile phone financing delinquency rates are climbing to 2.7-2.9%, exceeding the expected 2%. This surge is prompting lenders to tighten cr...
- RBI, don't allow a disconnecting spreeThe RBI is considering allowing lenders to remotely lock smartphones of borrowers who default on loan payments, raising concerns about data...
- Festive sales hit as brands flag tighter consumer credit linesConsumer finance availability is tightening due to rising loan defaults and stricter lending practices by banks and NBFCs, impacting sales ...
- Despite slower credit growth, consumption via credit goes up by five per cent, say industry executivesDespite tighter lending norms impacting unsecured credit disbursal, credit-fueled consumption in India has surged, particularly for smartph...
- Xiaomi offers loans for under Rs 15K phones to push salesXiaomi, currently the third-ranked smartphone seller in India, has introduced Xiaomi Easy Finance Program (XED), defined as a digital loan ...
- Karnataka HC dismisses Twitter plea on takedown orders; startup funding drops over 70% this yearTwitter faced disappointment in the Karnataka High Court today when its plea challenging the Central government’s orders to block certain a...
- As smartphone financing jumps, so does misuse of schemesFor customers struggling for cash, this becomes a means to acquire a personal loan at minimal or no interest rates, said Ajay Sharma, smart...
- Why compliance in debt collection will usher in dignity for borrowers and agentsAlthough the RBI guidelines seem promising, seamless debt recovery from borrowers is still a far-fetched reality for lenders. One of the ma...
- Using Buy Now, Pay Later scheme for your purchase? This is what will happen if you default on paymentMost of these borrowers are either young consumers or people who do not have any formal credit line like credit cards or EMI cards for maki...
- Capital Float raises $25 million from Creation Investments, othersThe Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital F...
- EarlySalary, an app to avail short-term loans through smartphonesWith PAN and account details, the company would be able to access a person’s credit history, which would help it determine whether to lend ...
- Average credit card spend increases 42% in two yearsAverage monthly spend per credit card has jumped 42% to Rs 6,322 from Rs 4,462 two years ago.
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