Instant digital loans: convenience comes with a heavy cost

After a crackdown on predatory Chinese loan apps, established local players like Paytm have entered the market for short-term loans—but with annualized rates as high as 50-60%.

August 29, 202313 min
0
Instant digital loans: convenience comes with a heavy cost

You may also like

Internet
Story image

Aditya Birla Capital’s digital makeover is glitchy, expensive

The financial services major is being weighed down by its digital arm’s lacklustre performance.

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.

Economy
Story image

What does the RBI’s new rule mean for corporate acquisitions?

Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.