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Loan recovery: Credit penetration must not turn into a nightmare - Vimarsana News

Loan recovery: Credit penetration must not turn into a nightmare

Wider loan supply is a vital economic pursuit in India, but app-driven lending is exposing people to coercive recovery tactics. The depravity these have sunk to gives credit a bad name.

Illegal loan apps reach public through WhatsApp after being removed from app stores - Technology - Vimarsana News

Illegal loan apps reach public through WhatsApp after being removed from app stores - Technology

After getting removed from Google Play and Apple store, illegal loan providers have started to exploit other means...

LendingKart announces acquisition of Upwards for ₹100 crore - Vimarsana News

LendingKart announces acquisition of Upwards for ₹100 crore

Upwards founded in 2017 is a central bank-registered Non-Banking Financial Company (NBFC) committed to offering personal loans to salaried professionals

Payment system operators to report fraud on RBI's DAKSH from Jan 1 - Vimarsana News

Payment system operators to report fraud on RBI's DAKSH from Jan 1

The responsibility to submit the reported payment fraud transactions shall be of the issuer bank/PPI issuer/credit card issuing NBFCs, whose issued payment instrument has been used in the fraud,

Source: india.com
Explained: How is RBI making Digital Lending safer with P2P Platforms? - Vimarsana News

Explained: How is RBI making Digital Lending safer with P2P Platforms?

With the advent of 'Digital India', the rapid growth of technology and digitization has carved a wide scope of market development. It is crucial to note that Peer to Peer platforms can only function legally if approved by the RBI (Reserve Bank Of India).

Source: india.com