Illegal Lending Apps
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Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
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Work-From-Home, Part Time Jobs Scams Top Cyber Crimes In India
Work from Home or Part-time job scams contribute to highest number of cyber crimes reported in the country followed by illegal lending apps in 2023, as per the Indian Cybercrime Coordination Centre (I4C), a part of the Ministry of Home Affairs.
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Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
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Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
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Don't Ignore These Red Flags Before Using Digital Lending Apps
Many fraud loan apps seek permission to your personal data and access to camera as well as contact list, which could be used later for harassment or blackmail.
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Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
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Google Faces Pressure In India To Help Curb Illegal Lending Apps: Report
Alphabet Inc's Google has been asked by the government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications in India, according to sources.
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Nirmala Sitharaman Outlines Steps To Check Illegal, Fraud Loan Apps' Operations
Finance Minister Nirmala Sitharaman has discussed various issues related to illegal loan apps in a meeting and decided to take a host of measures to check operations of such apps, amid rising instances of digital fraud.
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600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
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RBI Has Found 600 Illegal Lending Apps, Government Blocked 27 Of Them
Around 600 illegal lending apps have been found by a Reserve Bank of India working group, while the government has blocked 27 such apps
-
Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
-
Work-From-Home, Part Time Jobs Scams Top Cyber Crimes In India
Work from Home or Part-time job scams contribute to highest number of cyber crimes reported in the country followed by illegal lending apps in 2023, as per the Indian Cybercrime Coordination Centre (I4C), a part of the Ministry of Home Affairs.
-
Chase India Proposes Setting Up Self-Regulatory Body for Digital Lending Industry Amid Crackdown on Loan Apps
Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry.
-
Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
-
Don't Ignore These Red Flags Before Using Digital Lending Apps
Many fraud loan apps seek permission to your personal data and access to camera as well as contact list, which could be used later for harassment or blackmail.
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
Google Faces Pressure In India To Help Curb Illegal Lending Apps: Report
Alphabet Inc's Google has been asked by the government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications in India, according to sources.
-
Nirmala Sitharaman Outlines Steps To Check Illegal, Fraud Loan Apps' Operations
Finance Minister Nirmala Sitharaman has discussed various issues related to illegal loan apps in a meeting and decided to take a host of measures to check operations of such apps, amid rising instances of digital fraud.
-
600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
-
RBI Has Found 600 Illegal Lending Apps, Government Blocked 27 Of Them
Around 600 illegal lending apps have been found by a Reserve Bank of India working group, while the government has blocked 27 such apps
