Chinese loan apps

Refusing to defreeze the accounts and set aside the show-cause notice issued to a Kerala-based loan app company, the High Court of Karnataka has cautioned against such apps owned by Chinese entities and individuals that are used to…

NEW DELHIl Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy loans and cheating people, finance minister Nirmala Sitharamansaid in Rajya Sabha on Friday.…

The ED on Friday said it has frozen fresh deposits worth Rs. 78 crore following raids at the premises of payment gateway Razorpay and some banks as part of an ongoing money laundering probe against the alleged illegal operations of loan…

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Google’s revised Play Store billing policy, which is set to take effect in India on October 31, may bring good news for app developers that earn less than $1 million in annual revenue and startups that offer video, audio or book content. A…

In recent days, the law enforcement agencies of India have been tracking and tracking risky loan apps that have been operating in the country unlawfully. Finance Minister Nirmala Sitharaman has taken notice of these fraudulent instant loan…

The Reserve Bank of India is set to prepare a “Whitelist” of all the legal lending apps, the government said on Friday, following a meeting chaired by finance minister Nirmala Sitharaman a day before. The minister, along with top officials,…

The Institute of Chartered Accountants of India (ICAI) is probing several chartered accountants (CAs) for their role in aiding Chinese loan apps. Some CAs are alleged to have signed various statutory documents of these app companies such as…