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NOTICE BOARD

Important Notices

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Lavin Bhawnani
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21 views

NOTICE BOARD

Important Notices

Uploaded by

Lavin Bhawnani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Beware!

600 fake money


lending apps operating in
India, says RBI report
The report underlined that there are about 1,100 loans apps
currently working that can searched through key words like
loan, instant loan, quick loan, etc on the internet.

Edited by: India TV Business Desk


New DelhiUpdated on: December 14, 2021 14:02 IST

Fake Money Lending Apps in India: As many as 600 illegal money


lending apps are operating in India, a report by the Reserve Bank of India
(RBI) has said. These apps are available on multiple app stores for
Android users to dupe unsuspecting users, the report by RBI Working
Group (WG) on digital lending stated.

The report underlined that there are about 1,100 loans apps currently
working that can searched through key words like loan, instant loan, quick
loan, etc on the internet. "As per the findings of the WG, there were
approximately 1100 lending apps available for Indian Android users
across 80+ application stores (from January 01, 2021 to February 28,
2021)," it said.

Increasing number of fraud complaints


To address the increasing number of complaints involving Digital Lending
Apps (DLA), the RBI has set up a separate portal - Sachet. The portal has
been receiving large number of complaints. Around 2562 complaints have
been registered from January 2020 to March 2021.

"Majority of the complaints pertain to lending apps promoted by entities


not regulated by the Reserve Bank such as companies other than NBFCs,
unincorporated bodies and individuals. Another significant chunk of
complaints pertains to lending apps partnering with NBFCs especially
smaller NBFCs (asset size of less than ₹1000 crore)," the report noted.

With 572 cases, Maharashtra topped the list of most number of fraud
cases registered from a state. Karnataka was second with 394 complaints
and Delhi on the third spot registering 352 cases.
Beware of Fraudulent Loan Apps! A loan
app, morphed obscene images and
extortion
Zee Business Video Team | Updated: May 6, 2022 22:37 pm

A Mumbai resident died by suicide on Wednesday after


cyber fraudsters allegedly circulated a morphed nude
photo among his friends and relatives after he ‘failed’ to
repay loans worth Rs 6,000 taken through an instant
loan mobile app. The instant loan apps had access to
the victim’s mobile data while collecting the information
about loans.

Cyber cops identify 15 fraudulent loan


apps, seek their removal from app store
Zee Business Video Team | Updated: May 19, 2022 20:20 pm

Acting on several complaints of harassment and threats made by


fraudulent loan recovery agents to customers, including the one where a
38-year-old-man from Kurar, who fell prey to the scam and died by
suicide, the Maharashtra cyber police has written to Google Play Store
to remove 15 loan apps. The police said that the apps have been
selected after an analysis of the complaints received in the state by 48
cyber police stations, including the four cyber crime police stations of the
Mumbai police.

These banned apps are being managed from different states. The list of
banned apps are Loan India, Yes Cash, Alpha Loan and Speed Loan
managed from Delhi;
Cash Loan and Cash Advance App from Navi Mumbai;
Kosh App and Alexandria Loan App from Haryana;
Handy Loan App from Gujarat; Rupee Lend App from Pune;
Magic Loan App from Andhra Pradesh;
Credit King App from Tamil Nadu; and Mobile Cash from Karnataka.
Instant Loan Terror:
Blackmail in Hyderabad
HYDERABAD: Despite police crackdown, harassment of loanees
through instant loan apps continues unabashed in the city. In the
first two weeks of May, police have booked six cases against loan
recovery agents for allegedly threatening to rape women, post nude
photos online and circulate morphed pictures and videos among
contacts, if they fail to repay loans.
Among the apps named in FIRs include
Cash Bus, Lendmall, Cash Advance, Rupee King and Rupee Box, Ok
Loan, Bharat Cash, Cash Cherry Lend, Rose Lend, Small Cash,
Sunshine Loan, Money Grant, Gold Sea Lend Mall, Bharat Loan, XP
cash, Money Master, Lend King, Lend Fast, Coco Fast and Coco Lend.
On 9th May, Hyderabad cyber crime police booked a case against a
loan app based on a complaint of a 48-year-old home-maker from
Old Bowenpally. In her complaint, she alleged: "I took a loan from an
app in October 2021, due to a medical emergency, for seven days.
On the due date, I got a WhatsApp message, stating if don't make
the payment right away, they will circulate morphed nude photos of
mine among my relatives and friends."
Agents threaten to post pics of victims on porn websites. The
homemaker told police that she asked them for time till evening, but
they forced her to download another app and take a fresh loan of
10,000 to repay them.
"I followed their instructions and downloaded the app and made the
payment, but the harassment did not end there," the complainant
said. She was forced to download 14 different apps in a similar
manner. Till date, I have made multiple payments with huge interest
and extreme humiliation, the woman stated, adding how it was a
"big trap" and the agents use "fillthy language".
Are There Any Side Effects of
Surya Namaskar?
Surya Namaskar's side effects can only crop up if you perform
postures improperly or don't maintain a steady breathing pattern. It
may also reverse all the good Surya Namaskar has done. We suggest
the following tips and tricks that do not inconvenience you when
they are actually meant to benefit you:

 Always warm up and stretch beforehand.


 Avoid swift neck movements.
 Do not stretch beyond your capacity or limit while
performing any pose.
 If you are a beginner, stick to fewer repetitions and slower
movements.
 Aim to build stamina and expertise with regular practice.
 Be perceptive and aware of your mind and body's needs
throughout the Surya Namaskar.
HYPER TENSION (BLOOD PRESSURE)

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