ADVERTISEMENT
‘BubbleLoan’ To ‘Rupee Factory’, Loan Apps That Allegedly Defrauded Borrowers
Fraudulent loan apps detected by enforcement agencies are slowly revealing the nature of the digital lending problem.
15 Mar 2021, 08:16 AM IST i

Save

Source: BloombergQuint
As the Reserve Bank of India’s internal working group continues to scrutinise the surge in digital loan apps across India, a number of definite offenders are emerging.These are apps that were either lending without any licence or using wrongful practices to lure and later harass borrowers looking for small-ticket loans. Many of these apps have now been named in first information reports filed by local police authorities where complai...

I’m already a Subscriber
To continue reading this story
Subscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT