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RBI cancels registrations of five NBFCs for predatory lending practices

RBI cancelled the Certificate of Registration (CoR) issued to 5 Non-Banking Financial Companies (NBFCs) for irregular lending practices. ....

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RBI Cancels Registration of 5 NBFCs for Violation of Lending Norms

The non-bank lenders whose registrations were cancelled by the RBI include UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services. ....

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Loan Apps: RBI Cancels Registration of 5 NBFCs for Irregular Lending Practices

The Reserve Bank of India (RBI) cancelled certificate of registration (CoR) of five non-banking financial companies (NBFCs) for violating norms related to outsourcing and fair practices code in their digital lending operations. ....

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3 held in loan app fraud case in Telangana

3 held in loan app fraud case in Telangana
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Loan app fraud: Three including director of app-based instant loan company arrested in Hyderabad

The complaint was filed by one M Santosh Kumar, who alleged that for the past 12 years his brother-in-law Chandra Mohan borrowed money from more than 11 instant loan apps and repaid over Rs 2 lakh. ....

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