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App based loan app scam surfaces; RBI cautions

App based loan app scam surfaces; RBI cautions

Dec 25, 2020, at 06:11 am

Hyderabad/IBNS: The Hyderabad Police has busted a multi-crore money lending scam, run through multiple apps, which charged its targets up to 35 per cent interest and allegedly accumulated Rs 423 crore in 75 banks, which were seized for investigation.

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App based loan app scam surfaces; RBI cautions Fri, Dec 25 2020