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Daily Archives: December 23, 2020

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RBI cautions against unauthorized digital lending apps

Loans and advancesBy Surendra NaikDecember 23, 2020Leave a comment

Today, RBI for a second time in six months cautioned the general public and small business enterprises against falling prey to unauthorized digital lending platforms and mobile apps on promises of quick and hassle-free loans. The RBI’s words of caution come from reports over coercive recovery tactics including incessant calls, and naming and shaming defaulters…

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