fintech sector

Centre proposes bill to ban unregulated lending

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Centre proposes bill to ban unregulated lending

The government on Thursday proposed a new law which seeks to ban unregulated lending and slap a fine of ₹1 crore on offenders along with imprisonment of 10 years. The move follows action against several digital loan apps for unregulated lending over the past two years and complaints about their unfair lending and predatory recovery … Read more

India extends lead in fintech investments: S&P Global

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India extends lead in fintech investments: S&P Global

India continued to lead fintech investments in the Asia-Pacific region with $1.93 billion raised across 66 deals in the July-September quarter, S&P Global Market Intelligence said in a note. “We expect Southeast Asia-based fintechs to attract more capital as venture capitalists raise new money to double down on technology investments in the region,” said Celeste … Read more