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Digital lending apps: RBI received 13,000 complaints against banks, NBFCs

Photo: Bloomberg

Digital lending apps: RBI received 13,000 complaints against banks, NBFCs The Reserve Bank of India (RBI) has received about 13,000 complaints against banks and non-banking finance companies (NBFCs) about their digital lending applications and harassment by recovery agents. The grievances were filed under the banking regulator’s integrated ombudsman scheme of 2021 during the past 19 months (April 2021-November 2022), ...

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Retail CBDC could revolutionise digital subscriptions using micropayments

e-rupee, digital currency

Retail CBDC could revolutionise digital subscriptions using micropayments The internet offers us a myriad of digital goods and services: music and content streaming services, articles on various news and media platforms, online games, online journals, and various software tools that help us edit, share, design and proofread. Most of these platforms require a time-bound monthly or annual subscription which ...

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Union Bank of India hikes home loan, other loan interest rates: Check latest rates

Union Bank of India hikes home loan, other loan interest rates: Check latest rates [ad_1] Union Bank of India has increased its marginal costs of funds-based lending rates (MCLR) across all tenures by 5 basis points (bps). According to the bank’s website, the revised interest rates will be effective from December 11, 2022 to January 10, 2023. The bank’s overnight ...

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