Reserve Bank of India tightens noose on fraudulent Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian clients.
Source: moneylife.in
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Welcome To IANS Live - BUSINESS - Reserve Bank of India tightens noose on fraudulent Chinese lending apps
Investigating agencies found that various fintech companies in collusion with NBFC had thus indulged in predatory lending, by-passing the regulatory system. These fintech companies had been providing instant personal loans for terms ranging from seven to 30 days. Digi
Source: ianslive.in
Digital Chinese loansharks spreading wings in India
Chinese criminal syndicates and gangs are running scam operations illegally in India. Several such digital loanshark cases have been detected in the recent past and it is suspected that the scale of such illegal activities has increased over a ...
Source: prokerala.com
Letters to the Editor: Is China building a loan mafia in India?
The need for informal lending by common people is increasing day by day
Source: sentinelassam.com
Odisha EOW asks Google to remove 45 'illegal' loan apps from Play Store
The Odisha Police's Economic Offences Wing has asked Google Inc to immediately remove 45 'fake' loan apps from the Google Play Store.
Source: ibtimes.co.in