Illegal Lending 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 ...

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.

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 ...

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.

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.

RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered

Around 600 illegal lending apps have been found by a Reserve Bank of India working group, while the government has blocked 27 such 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 ...

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.

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 ...

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.

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.

RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered

Around 600 illegal lending apps have been found by a Reserve Bank of India working group, while the government has blocked 27 such apps