WebFeb 8, 2024 · T he rise of proxy-driven predatory lending we have witnessed in India has its roots in China’s recent peer-to-peer (P2P) lending crisis. On 5 February, MeitY (Ministry … WebAug 18, 2024 · Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian clients. As fintech companies were unlikely to get fresh non-banking financial companies (NBFC ...
Digital lending: Government blocks 27 fraud lending apps …
WebFeb 5, 2024 · 763. In a new round of bans on apps with Chinese links, the central government on Tuesday imposed an ‘urgent’ and ’emergency’ ban on around 230 Chinese apps, including 138 betting apps and 94 loan lending apps. In accordance with the recommendations of the Union home ministry, the action was initiated by the Ministry of … WebFeb 8, 2024 · T he rise of proxy-driven predatory lending we have witnessed in India has its roots in China’s recent peer-to-peer (P2P) lending crisis. On 5 February, MeitY (Ministry of Electronics and Information Technology) banned 232 betting and lending apps on the recommendations from the Ministry of Home Affairs (MHA). rcn hotmail
Chinese loan apps case: ED launches fresh searches, freezes Rs 46 …
WebFeb 5, 2024 · New Delhi: Continuing its crackdown on Chinese apps, the Ministry of Electronics and Information Technology (MeitY) today initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links. The big move comes as India has already blocked hundreds of Chinese apps over security concerns in the last … WebSep 24, 2024 · Aravind is one of “at least 64 people” across India who have died by suicide in the past year after being “threatened” and humiliated by online loan apps, according to cybersecurity expert Pravin Kalaiselvan. These apps offer small loans without requiring much paperwork but charge heavy interest rates, often above 100 percent. WebAug 21, 2024 · AA. NEW DELHI: In a massive operation spanning over two months, the intelligence fusion & strategic ops unit of Delhi Police has cracked down on a Chinese … rcni emergency nurse