Centre to ban 138 betting apps, 94 loan lending apps with Chinese links

Feb 05, 2023

Ministry of Electronics and Information Technology (MeitY) is learnt to have taken the decision based on the recommendations of the Ministry of Home Affairs...

RBI cautions against unauthorised digital lending platforms, mobile apps

Dec 23, 2020

Mumbai (Maharashtra) [India], Dec 23 : The Reserve Bank of India (RBI) on Wednesday cautioned individuals and small businesses against falling prey to growing...

RBI announces to create repository to check unauthorised lending Apps

Aug 08, 2024

The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.

ED conducts fresh raids against firms owned by Chinese nationals in mobile apps loan case

Jan 02, 2024

According to the agency, the companies and the individuals are involved in lending money through mobile phone apps and later harassing borrowers by accessing...

Andhra couple dies by suicide due to loan pressure, CM directs to take strict action against money-lending apps

Sep 08, 2022

Rajahmundry (Andhra Pradesh) [India], September 9 : Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has directed officials to take stringent action against online...

RBI cancels registration certificate of Acemoney (India) Ltd due to irregular lending practices

Apr 29, 2024

The decision to revoke the CoR was made in light of the company's violations of RBI guidelines on risk management and code of conduct...