Instant digital loans: convenience comes with a heavy cost
After a crackdown on predatory Chinese loan apps, established local players like Paytm have entered the market for short-term loans—but with annualized rates as high as 50-60%.
August 29, 2023•13 min
0
August 29, 2023•13 min
0
More in Internet
Internet
Happy coincidences and venture capital returns
Three portfolio exits have helped Arali Ventures return the principal sum of its small fund in about six years. This doesn’t happen too often in India’s nascent venture capital ecosystem. So what should we learn from it?
You may also like
Business
Karnataka Bank urgently needs a permanent CEO
For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.
Economy
What does the RBI’s new rule mean for corporate acquisitions?
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
Business
The rot at HDFC Bank’s Dubai branch goes deep
The AT1 bond misselling allegations shine a light on the lack of oversight and may end up costing India’s largest private bank dearly.