LenDenClub is flouting RBI rules to run its business
The P2P lending platform is the only one that is still doing substantial business after the central bank tightened the rules last August, virtually shutting down the sector. It has carried on as though the new rules don’t exist.
12 February, 2025•12 min
0
12 February, 2025•12 min
0
Getting your Trinity Audio player ready...
More in Internet
Internet
Why Swiggy, Zomato, Zepto can’t deliver food in 10 minutes
With Swiggy joining the list of companies shutting down their ultra-fast food delivery services, we look at what’s plaguing the 10-minute food delivery sector. And whether there’s any hope at all for those trying.
You may also like
Business
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
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
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.