Loan apps

Chinese loan apps: ED freezes fresh deposits worth Rs 78 cr after raids at premises of Razorpay, others 

The searches were carried out at five premises in Bengaluru on October 19, the Enforcement Directorate said. Razorpay said it cooperated with the agency and its funds were not seized.

published on : 21st October 2022

75 cases registered against loan app organisers in Andhra Pradesh

DGP says 71 arrested, 173 fake or unauthorised loan apps removed from Google Play Store.

published on : 15th October 2022

Another man falls victim to loan sharks in Andhra Pradesh, ends life under pressure

The deceased has been identified as Lanka Manikanta, a private milk van driver, from Prasadampadu in Vijayawada.

published on : 15th October 2022

Gang of four operating illegal loan apps held

Four members of a gang from Maharashtra were arrested for their involvement in operating two illegal mobile loan applications and harassing people to clear debts, police said on Saturday. 

published on : 18th September 2022

7 loan app operators arrested for abetting suicide of Rajamahendravaram couple

They were transferring loan amounts and receiving the repaid/extorted money in their accounts, police explained.

published on : 13th September 2022

Indian government plans steps to thwart illegal loan apps

The Finance minister has asked the RBI to prepare a whitelist of legal loan apps, and to cancel registration of dormant non-banking financial companies (NBFCs).

published on : 10th September 2022

Google removes 2K lending apps from PlayStore

Google was forced to take action after several started surfacing regarding instant loan apps which usually target people from low-income groups, offering loans between Rs 2,000 and Rs 10,000.

published on : 26th August 2022

Phishers tempt public with instant loan offers

After fake loan apps, cyber fraudsters have now switched to phishing by circulating SMS in the name of a Wayanad-based cooperative bank promising instant loans.

published on : 10th August 2022

Widespread harassment by loan recovery agents

A reminder on how widespread harassment by recovery agents is. There have been many similar cases in Andhra Pradesh in recent times.

published on : 30th July 2022

Loan recovery agents dial AP Agriculture Minister Kakani for loan repayment, arrested

Loan-offering apps require access to the contacts of the applicant. In case the s/he defaults, the recovery agents get in touch with the alternative contacts and others in the loanee’s contact list.

published on : 30th July 2022

Loans from 40 apps drive Bengaluru man to end life

The deceased has been identified as Nanda Kumar, a resident of Nagadevanahally, who was working in a co-operative bank.

published on : 28th July 2022

Women, students are easy prey for online loan sharks in Andhra Pradesh's Guntur district

With the internet reaching more remote corners, many people - mostly women, students and employees -are falling prey to such online apps.

published on : 15th July 2022

Woman from Andhra Pradesh's Guntur ends life after alleged harassement by online loan sharks

Police said that Bandapalli Pratyusha had taken a loan of Rs 20,000 from two online loan vendors a few months ago and she was charged a heavy amount as interest.

published on : 13th July 2022

Puducherry cyber cell registers case against instant loan apps after complaints of extortion

An official said that the cyber cell has shortlisted 63 such apps after complaints of harassment and threats made by loan recovery agents and is investigating.

published on : 13th July 2022

Approach cops for issues on unregistered digital lending apps: RBI governor Shaktikanta Das

The RBI website has a list of apps that are registered with it on the website, the governor said, adding that the police in many states have acted against the wrongdoers as per the provisions of the l

published on : 8th June 2022

EOW arrests 1 in fake loan app case

The accused had promised higher returns to the customers on the pretext of investing their amount in the share market.

published on : 7th May 2022

EOW freezes Rs 6.57 crore in bank accounts of fraud loan apps

The apps offered small loan amounts ranging from Rs 3,000 to Rs 5,000 to its customers’ bank accounts.

published on : 4th May 2022