January 2021

Instant loan apps, which lend money in a jiffy without paperwork, are scamming thousands of people in Bangalore every day.They are mostly of Chinese descent and are handled with the help of Indian call centers and rogue recovery agents.“The…

Hyderabad: A month after Telangana police began a crackdown on illegal instant loan apps following the suicides of five people, the investigation has shown a deeper Chinese connection to the scam.After arresting at least four Chinese…

The State Bank of India (SBI) has warned against loans offered through unauthorized digital platforms, with mobile apps promising a quick and hassle-free process. "Beware of Fraudulent Instant Loan Apps! Please do not…