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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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Wife's Morphed Pic Circulated Over Rs 2,000 Loan, Andhra Man Ends Life
Humiliated by morphed photos of his wife being sent to his friends and family members by loan app agents, a young man has ended his life in Andhra Pradesh, reigniting concerns over such criminal and inhumane steps being used by such loan givers.
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Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
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SpyLoan Apps Installed on Over 8 Million Android Phones Amidst Rise in Predatory Loan Apps
SpyLoan, a predatory loan application, has been detected on over 8 million Android devices, according to McAfee. Fifteen versions of the SpyLoan application have been removed or updated since they were identified, and users must remove these apps manually if they have already been downloaded.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
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Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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BharatPe Co-Founder Ashneer Grover To Launch 'ZeroPe' Medical Loan App
BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that will provide loans for healthcare.
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Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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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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FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
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SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
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Loan Apps Harass Women With Morphed Porn Pics: Singer Chinmayi's Claim
After a shocking deepfake video of actor Rashmika Mandanna raised concerns over the dangers of artificial intelligence, Singer Chinmayi Sripaada alleged such videos are being used not just to harass celebrities but common people as well.
-
Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
Wife's Morphed Pic Circulated Over Rs 2,000 Loan, Andhra Man Ends Life
Humiliated by morphed photos of his wife being sent to his friends and family members by loan app agents, a young man has ended his life in Andhra Pradesh, reigniting concerns over such criminal and inhumane steps being used by such loan givers.
-
Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
-
SpyLoan Apps Installed on Over 8 Million Android Phones Amidst Rise in Predatory Loan Apps
SpyLoan, a predatory loan application, has been detected on over 8 million Android devices, according to McAfee. Fifteen versions of the SpyLoan application have been removed or updated since they were identified, and users must remove these apps manually if they have already been downloaded.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
-
Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
BharatPe Co-Founder Ashneer Grover To Launch 'ZeroPe' Medical Loan App
BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that will provide loans for healthcare.
-
Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
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.
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
-
Loan Apps Harass Women With Morphed Porn Pics: Singer Chinmayi's Claim
After a shocking deepfake video of actor Rashmika Mandanna raised concerns over the dangers of artificial intelligence, Singer Chinmayi Sripaada alleged such videos are being used not just to harass celebrities but common people as well.
