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Chinese syndicates to keep hurting India via loan app scams: Cyber expert

Chinese criminal syndicates and gangs operating digital loan shark scams are expected to further de…

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2 mins read

Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages

The corporate affairs ministry is probing various Chinese companies, especially those with links to…

PTI   


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Google has removed 2,500 fraudulent loan apps from its Play Store, says FM

The matter is also regularly discussed and monitored in the meetings of the Financial Stability…

PTI   


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Google for India – Sachet loans to credit on UPI, tech giant bets on lending

Search giant Google has made several major announcements for India at their annual Google for India…

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After Chinese apps, the Indian government cracks down on Indian betting and quick loan apps—here’s why

The Indian government has banned 232 applications over concerns of data storage and money launderin…

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1 min read

Ahead of ban order, RBI gave a list of apps working with NBFCs to govt

Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, whic…

PTI   


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SBI warns customers against instant loan apps

The country's largest lender, State Bank of India (SBI) has warned customers against instant loan a…

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Chinese loan apps: ED freezes fresh ₹9.82 cr worth funds kept in payment gateway accounts

The ED has frozen Rs 9.82 crore worth funds kept in merchant IDs with certain online payment gatewa…

PTI   


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7 mins read

The dark truth behind RBI’s crackdown on easy personal loans

The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…

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1 min read

Indians resort to loans from lending apps for emergencies and medical expenses

Nearly nine in 10 customers in India use fintech lending apps to take loans for emergencies, medica…

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2 mins read

DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024

Under Fund of Funds for startups, Rs 805.86 crore was invested in the startups by supported AIFs (A…

PTI   


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A startup that helps underserved Indians save & invest in gold, stocks bags $19 million

Micro-saving app Siply — which helps underserved users borrow and save money — has raised $19 milli…

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3 mins read

India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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2 mins read

Speedy, small loan market sees Muthoot Microfin make an entry

The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…

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4 mins read

RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly

​MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…

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Digital gold loan company Indiagold raises $12 million from PayU and others

Indiagold, a fintech startup that offers gold loans, has raised $12 million funding to scale its bu…

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3 mins read

Measures taken by IIFCL to keep bad loans under check: Parliamentary panel

The company has put in place a Board approved Management Policy which lays out the Directives…

PTI   


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Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans

There were creditors coming home and harassing him. That’s when he came across the contact of a …

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77% of young Indians now spend the most on phones, apparels

Indians aged between 18 and 34 now spend the most (77 per cent) on mobile phones and apparels and o…

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INTERVIEW: After six months of lending, Sheroes founder explains how tough it is

Delhi-based women-only social network Sheroes is now expecting to go big in the lending space by pr…