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%.

29 August, 202313 min
0
Getting your Trinity Audio player ready...
Instant digital loans: convenience comes with a heavy cost

You may also like

Business
Story image

The Rs 590-crore blame game at IDFC First Bank

Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.

Business
Story image

Exclusive: Jana Small Finance Bank to reapply for universal bank licence in May

The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.

Business
Story image

CSB Bank’s deposits are a ticking time bomb

The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.