The Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for dev...

In the midst of a holiday shopping boom, the pulse of consumer lending remains surprisingly subdued. Financial institutions are clamping do...

Happy Friday! Swiggy and Zepto are fighting for the second spot in the fiercely competitive quick commerce sector. This and more in today’s...

Loan defaults on smartphones are climbing after the Reserve Bank of India (RBI) barred non-banking lenders from remotely blocking devices w...

India's video gaming companies are seeking policy support after the real-money gaming ban. This and more in today's ETtech Top 5.

Mobile phone financing delinquency rates are climbing to 2.7-2.9%, exceeding the expected 2%. This surge is prompting lenders to tighten cr...

The RBI is considering allowing lenders to remotely lock smartphones of borrowers who default on loan payments, raising concerns about data...

Consumer finance availability is tightening due to rising loan defaults and stricter lending practices by banks and NBFCs, impacting sales ...

Despite tighter lending norms impacting unsecured credit disbursal, credit-fueled consumption in India has surged, particularly for smartph...

Xiaomi, currently the third-ranked smartphone seller in India, has introduced Xiaomi Easy Finance Program (XED), defined as a digital loan ...

Twitter faced disappointment in the Karnataka High Court today when its plea challenging the Central government’s orders to block certain a...

For customers struggling for cash, this becomes a means to acquire a personal loan at minimal or no interest rates, said Ajay Sharma, smart...

Although the RBI guidelines seem promising, seamless debt recovery from borrowers is still a far-fetched reality for lenders. One of the ma...

Most 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...

The Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital F...

With 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 monthly spend per credit card has jumped 42% to Rs 6,322 from Rs 4,462 two years ago.