India may ban 300 instant loan apps
Mon, Aug 22, 2022 3:54 PM

India may ban 300 instant loan apps

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The government may ban many instant loan apps due to reports of suicides and money fraud in many states of India due to taking loans from such apps. According to the information, hackers access smartphone data from these apps and misuse it. These apps are reportedly being monitored by the Enforcement Directorate, Serious Fraud Investigation Office, IB, R&AW and RBI.

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