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Digital Lending Apps

RBI mulls to set up Digital India Trust Agency to check illegal lending apps

RBI mulls to set up Digital India Trust Agency to check illegal lending apps

Sun, Mar 31, 2024

Apps not carrying the 'verified' signature of DIGITA should be considered unauthorised for the purpose of law enforcement, sources said, adding that this will serve as a pivotal checkpoint in the fight against financial crimes in the digital realm.

Banking Shares Tumble as RBI Tightens Lending Norms | Stock Market News

Banking Shares Tumble as RBI Tightens Lending Norms | Stock Market News

Fri, Nov 17, 2023

Shares of banks and non-banking finance companies (NBFCs) plummeted on Friday as the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The move, aimed at curbing the surge in unsecured lending, sent shockwaves through the financial sector, with SBI Card shares falling the most by over 6%.

RBI's list to MeiTY has instructions for Play Store to remove loan apps without fixed standard and RBI validity

RBI's list to MeiTY has instructions for Play Store to remove loan apps without fixed standard and RBI validity

Mon, Sep 18, 2023

The RBI's order came after the apps that Google and Apple had banned from their respective platforms reappeared in the last few weeks.

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Digital credit: 5 red flags to watch out while borrowing online

Digital credit: 5 red flags to watch out while borrowing online

Wed, Jul 05, 2023

While digital credit offers convenience and accessibility, it's crucial to remain vigilant and aware of potential red flags that may indicate fraudulent or untrustworthy lending practices.

Applying for digital credit? Beware of these 4 red flags on digital lending platforms

Applying for digital credit? Beware of these 4 red flags on digital lending platforms

Thu, Jun 29, 2023

While digital credit offers convenience and accessibility, it's crucial to remain vigilant and aware of potential red flags that may indicate fraudulent or untrustworthy lending practices.

ZeeBiz ‘Operation Hafta Vasooli’ impact: RBI crackdown on digital loan apps ensures they won’t be able to access your personal data

ZeeBiz ‘Operation Hafta Vasooli’ impact: RBI crackdown on digital loan apps ensures they won’t be able to access your personal data

Thu, Apr 06, 2023

ZeeBiz campaign 'Operation Hafta Vasooli' makes a huge difference as the Reserve Bank of India (RBI) sets rules for the lending apps’ access to personal information.

What is digital lending, An overview of RBI’s Guidelines

What is digital lending, An overview of RBI’s Guidelines

Wed, Sep 28, 2022

Customers find it easy to borrow money from digital lending platforms rather than going to a bank. All because you get a loan at your fingertips. But what we don’t realise is some of these platforms are charging extremely higher interest rates for lending money. To reduce such instances Reserve bank of India came up with new guidelines, Know details.

RBI Policy: RBI Governor On Digital Lending Apps Guidelines & Banking Fraud After Credit Policy

RBI Policy: RBI Governor On Digital Lending Apps Guidelines & Banking Fraud After Credit Policy

Fri, Aug 05, 2022

What RBI Governor said on Zee Business question after Credit Policy? Watch this video.

RBI Credit Policy: RBI Governor On Digital Lending Apps & Related Issues

RBI Credit Policy: RBI Governor On Digital Lending Apps & Related Issues

Wed, Jun 08, 2022

Zee Business questions, RBI governor's answers. On the question of Zee Business in the press conference of credit policy, RBI Governor said - do not take loan from unregistered account. Watch this video for details.

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