Page 3 - Digital Loans

Immobilise unregistered digital lending apps

Forget lack of faith, there is fear of the law enforcement machinery even among educated, sophisticated, middle-class people

Digital lenders stare at dip in disbursals this fiscal due to pandemic

Cost of capital for most lenders has also gone up as fund flows from banks and NBFCs have dried up despite liquidity infusion by RBI; but things are looking up from last month as establishments reopen

RBI pulls up banks, NBFCs for non-transparency in digital loans

Apex bank says digital platforms claim to offer hassle-free loans to individuals and small traders, but don't disclose who they are associated with

Retail unsecured loans, cross-selling may decline post moratorium

Lenders say the larger challenge is to communicate to borrowers the difference between moratorium and waiver

Creditors want to sneak into your phone before they give you a loan

As digital lending starts to rely increasingly on phone records, messages and social media, questions about reliability of proxy indicators remain unanswered