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SN Mittal

Great work LC on instant loan apps

I saw the attached in todays paper and hence want to commend the LocalCircles manager on how this issue of fraud lending instant loan apps has been escalated by LC to RBI and actions have taken place and its already driving results.

https://www.localcircles.com/a/press/page/instant-loan-apps-survey more  

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Devender Singh
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I was a web developer in the company of Aggarwal Packers and Mowers, the culture there was very good and the behavior of all the people there was also very good to me. I got to learn a lot from Aggarwal Packers Company and seniors to be used to solve all the problems in my work. I will be very grateful to Agarwal Company, which has taken me to this stage today. Now I have started my own business. In which I got a lot seven of Agarwal Packers. Thank you, Agarwal Packers, more  
Dipak P.
This is good examples of foolishness. The educated peoples are more un-educated. without knowing the person how any company will pay you the money ? will the people will provide money to any unknown person ? This commonsense is vanished ? more  
Mukul Mohan Mittal (Educationist, Engineer, Businessman, Thinker, )
I watched this news on Zee News' DNA segment yesterday. One point I want to raise is why not Government or Ministry direct Google Play Store to allow only Apps Registered with RBI to offer download therefrom. This will reduce the problem almost at its source. more  
Anindita Sengupta
Good that the RBI has reacted. more  
Tiru Narayan (Retired)
This is an excellent first step by RBI, many thanks to LC, to reduce, or get rid of, loan sharks. One point, though...RBI has asked people who deal with unregistered App to complain to the police. With whom should the App be registered? Is there a database where people can check if an App is registered or not BEFORE applying for loan? Also, what will the police do if there are complaints? With corruption being rampant, police will receive bribes from the App owners and file the complaints to collect dust. Is there a recourse for police's inaction? more  
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