Experts flag dubious biz model of digital small money lending apps

During the height of the Covid-19 pandemic, the dubious methods of digital money lending platforms claimed many lives

from The HinduBusinessLine - Money & Banking https://ift.tt/i4hxnjY

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LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

I don't think it will be difficult for us as we already offer some of the health products, said MR Kumar

from The HinduBusinessLine - Money & Banking https://ift.tt/AtL28Uy

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Experts flag dubious biz model of digital small money lending apps

According to sources in the financial sector, the dubious means of digital money lending platform have claimed many lives, especially during the height of the Covid-19 pandemic when people were in dire need of money, and unable to pay back on time.

from Banking/Finance-Industry-Economic Times https://ift.tt/xIwDtME

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Six of top 10 companies add Rs 1,56,247.35 crore to market cap

While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, HUL and LIC suffered losses.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/17hYxgZ

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Pursued those who cheated banks, got money back: FM Nirmala Sitharaman

Nirmala Sitharaman said that while the earlier government also ran schemes, this government is working to empower the people and not just giving something as an entitlement. The government has thrown away the heavy legacy problems of the previous government by clearing the burdens on public sector banks, she said.

from Banking/Finance-Industry-Economic Times https://ift.tt/FA3ycSx

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