Instant loan apps

ED attaches ₹19.39 crore in assets linked to operators of instant-loan apps

by
ED attaches ₹19.39 crore in assets linked to operators of instant-loan apps

ED has provisionally attached ₹ 19.39 crore in bank balances and fixed deposits belonging to various entities connected with certain instant-loan apps. File | Photo Credit: PTI The Enforcement Directorate has provisionally attached ₹ 19.39 crore in bank balances, and fixed deposits belonging to various entities connected with certain instant-loan apps. The agency is conducting … Read more

Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

by
Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

Digital lending apps: A recent survey has found that the Reserve Bank of India’s (RBI) steps against loans being offered by unauthorised digital platforms and mobile applications had a positive impact on users. In 2020, the central bank released a cautionary message directed towards small businesses and individuals regarding the risks associated with obtaining loans … Read more