RBI red-flags loan apps' unethical recovery practices
The New Indian Express|September 21, 2022
THE Reserve Bank of India on Tuesday raised concerns over the growing unethical loan recovery practices, usurious interest rates and data privacy issues. It also flagged certain material concerns regarding the mushrooming of digital lending apps.
RBI red-flags loan apps' unethical recovery practices

RBI Governor Shaktikanta Das said the need of the hour is to ensure safety following a process of whitelisting and due diligence by the regulated entities. "The RBI, in association with other relevant agencies, is taking steps to address this issue and take further steps as may be necessary," he said.

هذه القصة مأخوذة من طبعة September 21, 2022 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 21, 2022 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS مشاهدة الكل
The New Indian Express

Popularity test for VIPs in final phase of polls

Prime Minister Narendra Modi seeking third consecutive term; five ministers in the fray

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1 min  |
June 01, 2024
Power Demand Reaches Record High Of 250 GW
The New Indian Express

Power Demand Reaches Record High Of 250 GW

AS mercury touches new highs in the vast swathes of the country, power demand has grown significantly and hit a record high of 250 GW on Thursday (30 May 2024).

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1 min  |
May 31, 2024
Straightforward victory for defending champion Djokovic
The New Indian Express

Straightforward victory for defending champion Djokovic

NOVAK Djokovic reached the French Open last 32 for the 19th successive year on Thursday as Roland Garros organisers banned alcohol from the stands in an effort to counter growing complaints from players over disrespectful, rowdy fans.

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1 min  |
May 31, 2024
The New Indian Express

OLY QUALIFIERS Jaismine makes promising start

JAISMINE Lamboria is on an important quest at the moment.

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1 min  |
May 31, 2024
The New Indian Express

Pragg claims maiden classical win vs Carlsen

INDIAN Grandmaster R Praggnanandhaa crushed world number one Magnus Carlsen for the first time in Classical format to emerge as the sole leader in the Norway chess tournament here.

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1 min  |
May 31, 2024
SMALL NATION, BIG DREAM
The New Indian Express

SMALL NATION, BIG DREAM

Uganda's Alpesh is set to fulfil his father's dream, Firoz Mirza traces his journey so far.

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4 mins  |
May 31, 2024
The New Indian Express

Muthoot Finance profit up 17% on higher loan sales

RECORD gold prices leading to higher loan sales and the good show by its subsidiaries boosted the consolidated earnings of largest pureplay gold loan player Muthoot Finance, booking a 17% growth in net income at 1,182 crore for the March quarter over 1,009 crore in the year ago period.

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1 min  |
May 31, 2024
Trade pacts help India cut deficits with UAE, Aus
The New Indian Express

Trade pacts help India cut deficits with UAE, Aus

THE trade pacts with Australia and the UAE seem to be working in India's favour as the trade deficit with both countries in FY24 declined vis-a-vis previous year.

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1 min  |
May 31, 2024
RBI balance sheet expands 11% to
The New Indian Express

RBI balance sheet expands 11% to

Increase on assets side in book is due to rise in foreign investments, gold, loans and advances

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3 mins  |
May 31, 2024
The New Indian Express

Household liabilities hit high of 5.7%; savings at record low of 5.2% in FY23

DRIVEN by rising indebtedness, which hit an all-time high of 5.7% of GNDI in FY23, the net financial savings of the households, which has been the mainstay of savings in the economy, has hit a record low of 5.2% in FY23, shows the RBI annual report for FY24.

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2 mins  |
May 31, 2024