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India’s Digital Shylocks Draw The Ire Of Regulator
The growth in digital lending has come with shades of grey. Will the courts and the regulator need to step in?
28 Dec 2020, 11:09 AM IST
You’re going about your day when you see there is a text message waiting for you. It is a message from a digital lending application offering you a Rs 1 lakh personal loan within the next 5 minutes. All you need to do is sign up on the lending platform, click through a few approvals and the money will hit your account. No lengthy bank-KYC needed.Tempting. It’s not like you really need the money, but there are always aspirational purc...
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