Cash Train News Today

The change prevents payday loan repayments from exceeding 10 per cent of a person’s net income.

The police have so far arrested 28 persons in the case which include Zhu Wei alias Lambo and three other Chinese nationals.

Scams, terror, and national security: Problems with Chinese microloan apps in India The pandemic, accompanied by job loss and pay cuts, has made many Indians even more desperate than they normally were for loans. This has made them easy targets for spurious loan apps whose origins lie across the border. January 29, 2021 -- 05:07 GMT (21:07 PST) | Topic: Innovation Technology has become a great enabler but it can...

India Arrests Chinese Man Amid Raids on Companies Running 11 Small Loans Apps December 27, 2020 Updated: December 28, 2020 NEW DELHI—India arrested on Dec. 25 a Chinese man who managed companies that operated at least 11 apps offering small loans at extremely high interest rates to Indian people between the ages of 20 and 40. Experts see the potential for the regime in Beijing to gather large amounts of data on Indian citizens through the apps, and for this data to be used to ...

Chinese national, 3 others arrested for loan apps fraud in Telangana ANI | Updated: Dec 26, 2020 05:16 IST Rangareddy (Telangana) [India], December 26 (ANI): A Chinese national and three members of a gang have been arrested in an instant loan apps fraud case at Cyberabad. Cyber Crime Police, Cyberabad raided a call centre named "Cubevo Technology Private Limited" (Skyline) located in the city headed by a Chinese national and arrested four members including ...

Chinese national among 4 held in Hyderabad in loan apps scam By IANS|   Published: 26th December 2020 6:54 am IST Hyderabad, Dec 25 : A Chinese national was among four people arrested by Cyberabad police on Friday during a raid on a call centre in Hyderabad in the continuing crackdown on illegal loan apps. Cyber crime police of Cyberabad raided Cubevo Technology Private Ltd’s (Skyline) call centre and arrested four employees — Chinese national Yi Bai alias Dennis, Satya Pal Khyalia, Anirid...