Updated:
January 30, 2021 13:43 IST
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
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Mobile lending apps have mushroomed in India and elsewhere as smartphone use surged
| Photo Credit: Reuters
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
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Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers data, underlining the risks to driving financial inclusion with newer technologies.
Chinese woman, two others held in instant loan apps fraud in Telangana ANI | Updated: Dec 28, 2020 14:05 IST
Medchal-Malkajgiri (Telangana) [India], December 28 (ANI): Three persons, including a Chinese woman, were arrested in a case registered in Cyberabad pertaining to instant loan apps fraud, the police said on Sunday.
The accused include Parshuram Lahu Takve, his wife Liang TianTian (who is a Chinese national) and SK Aaqib, a student. One more person is said to be absconding. The company account with a private bank, with an amount of Rs1.42 crores, was also frozen.
According to the police, on 18th November 2020, a victim Bhumana Prasad from Uppal, Hyderabad had taken a loan amount of Rs.3,500/- from one App My Bank and within one week he paid it. Later he took a loan for Rs.4,500/- from the same Loan App and again he paid the amount.
Chinese woman, 2 others held in instant loan apps fraud in TS
By Mansoor| Published: 28th December 2020 2:30 pm IST
Medchal: Three persons, including a Chinese woman, were arrested in a case registered in Cyberabad pertaining to instant loan apps fraud, the police said on Sunday.
The accused include Parshuram Lahu Takve, his wife Liang TianTian (who is a Chinese national) and SK Aaqib, a student. One more person is said to be absconding. The company account with a private bank, with an amount of Rs1.42 crores, was also frozen.
According to the police, on 18th November 2020, a victim Bhumana Prasad from Uppal, Hyderabad had taken a loan amount of Rs.3,500/- from one App My Bank and within one week he paid it. Later he took a loan for Rs.4,500/- from the same Loan App and again he paid the amount.
3 arrested in instant loan apps fraud in Telangana indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.