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The lenders use the borrowers' confidential personal data like contacts, location, photos, and videos for blackmail and harassment

MHA seeks urgent action against predatory Chinese lending apps; writes to states, UTs

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MHA goes strict against Chinese lending apps, directs states, union territories to take action In a communication to all states and union territories, the Union...
The decision would encourage investment of around Rs.37,500 cr and facilitate establishment of 750 CBG projects by 2028-29

Centre makes phased blending of compressed bio-gas with CNG, PNG mandatory

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A roadmap to 'greener future': Govt mandates bio-gas blending, propelling sustainable energy The National Biofuels Coordination Committee has announced the introduction of phase-wise mandatory blending...
The supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of RBI

RBI directs Bajaj Finance to stop sanction, disbursal of loans under two lending products

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RBI asks Bajaj Finance to stop lending via 'eCOM' and 'Insta EMI Card' products Exercising its powers under section 45L(1)(b) of the Reserve Bank of...
The central bank had first announced the borrowing and lending of government securities earlier this month

RBI issues draft norms for lending, borrowing of government securities

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RBI Governer proposes draft ruless for lending and borrowing of government securities to expand market participation On Friday, the Reserve Bank of India (RBI) issued...
The instant loan apps, the part-time job offers, and the crypto trading fraud, all of them are being operated by the same hackers from China

UP Police unearths Rs.4,200 cr online frauds, crypto trade, Insta Loan Apps linked to...

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UP Cyber Crime Wing cautions users against Instant loans, job offers on SMS The Uttar Pradesh Police's Cyber Crime Wing has unearthed pan-India frauds to...
Kudos was lending money & acting like an NBFC without RBI permission

ED attaches Rs.72 crore fund of an Indian finance company in Chinese-funded instant loan...

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Chinese instant loan app case: Kudos Finance & Investments accounts attached for illegal lending, money laundering The Enforcement Directorate (ED) has attached funds of over...
Curb the usurious rates of lending by Online lending platforms, Delhi High Court says

Online lending platforms can’t be allowed to charge exorbitant interest. Delhi High Court directs...

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Delhi HC - Exorbitant interest rates cannot be charged by online lending platforms While law enforcement agencies of Central and State governments prefer to be...
Banks, financial institutions have been advised to follow certain customer identification procedures for opening of accounts and monitoring of transactions

ED attaches Rs.859 cr proceeds of crime under PMLA in illegal loan app cases:...

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MoS Finance in Rajya Sabha on illegal loan app cases The Reserve Bank of India (RBI) has furnished a list of digital lending apps (DLAs)...
Likely to be fielded by the Congress party against MoS PMO Dr Jitendra Singh from Doda-Udhampur Lok Sabha seat

Former BJP Minister Lal Singh, shunted by Mehbooba Mufti during the Rasana rape and...

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Two-time LS member Choudhary Lal Singh rejoining Congress makes Udhampur-Doda contest interesting Ahead of the Lok Sabha polls the Congress party has once again shot...
Nearly 32 early and growth-stage startups raised more than $384 million last week

27 Indian startups raise $308 million in funding this week: Entrackr report

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More than 1.14 lakh startups in India have created over 12 lakh jobs so far At least 27 startups in India raised about $307.8 million...

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