The Delhi High Court on Friday requested the Center and RBI’s response to a PIL aimed at regulating online lending platforms offering short-term personal loans at outrageous interest rates through mobile apps, and allegedly humiliating and harassing people for late repayment. A bench of Chief Justice DN Patel and JusticeRead More →

Unable to resist alleged harassment from microfinance loan application companies, a private sector employee committed suicide on Saturday morning at his residence in Gundla Pochamma village in Pet-Basheerabad, Medchal-Malkajgiri district . This is the fifth ‘forced suicide’ in Telangana due to harassment from online lenders and public disgrace. The victim,Read More →