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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The central bank has promised regulations for digital lending soon, but these are unlikely to help in tackling outright fraudulent entities.
Ashwin here. Last week, just a few days before Reserve Bank of India governor Shaktikanta Das indicated that the central bank would issue guidelines to regulate digital lending soon, I got an intriguing message from an anonymous Twitter account. “Loan app RupeeWay… Do you have any details on them? Because I have been harassed and threatened every day,” it read. I replied immediately asking for details, but got no response.
As a reporter, receiving such distress messages is not uncommon. For the last two years, I have been consistently reporting on the perils of unsupervised digital lending in India. I …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
