Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Advisory in the backdrop of suicides in Telangana

Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.

Taking note of reports about individuals and small businesses falling prey to a..."/>
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Advisory in the backdrop of suicides in Telangana

Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.

Taking note of reports about individuals and small businesses falling prey to a..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Advisory in the backdrop of suicides in Telangana</em></p><p style="text-align:justify"><em>Hyderabad: </em>The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.</p><p style="text-align:justify">Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said &ldquo;members of public are cautioned not to fall prey to such unscrupulous activities.&rdquo; It urged them to verify antecedents of the company/ firm offering loans online or through mobile apps.</p><p style="text-align:justify">The advisory comes in the backdrop of at least three borrowers in Telangana committing suicide in the recent past, following alleged harassment by personnel of such lenders, and many more complaining of being subjected to coercive methods after defaulting on repayments.</p><p style="text-align:justify">The RBI said the reports cited the excessive rates of interest and additional hidden charges demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers. They also pointed to how unauthorised digital lending platforms/mobile apps attracted borrowers with promise of loans in a quick and hassle-free manner.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true" title="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true">click here</a> to read more.</p>                                                           
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Advisory in the backdrop of suicides in Telangana

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Advisory in the backdrop of suicides in Telangana</em></p><p style="text-align:justify"><em>Hyderabad: </em>The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.</p><p style="text-align:justify">Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said &ldquo;members of public are cautioned not to fall prey to such unscrupulous activities.&rdquo; It urged them to verify antecedents of the company/ firm offering loans online or through mobile apps.</p><p style="text-align:justify">The advisory comes in the backdrop of at least three borrowers in Telangana committing suicide in the recent past, following alleged harassment by personnel of such lenders, and many more complaining of being subjected to coercive methods after defaulting on repayments.</p><p style="text-align:justify">The RBI said the reports cited the excessive rates of interest and additional hidden charges demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers. They also pointed to how unauthorised digital lending platforms/mobile apps attracted borrowers with promise of loans in a quick and hassle-free manner.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true" title="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true">click here</a> to read more.</p>                                                           
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Advisory in the backdrop of suicides in Telangana

Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.

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Advisory in the backdrop of suicides in Telangana

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Advisory in the backdrop of suicides in Telangana</em></p><p style="text-align:justify"><em>Hyderabad: </em>The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps.</p><p style="text-align:justify">Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said &ldquo;members of public are cautioned not to fall prey to such unscrupulous activities.&rdquo; It urged them to verify antecedents of the company/ firm offering loans online or through mobile apps.</p><p style="text-align:justify">The advisory comes in the backdrop of at least three borrowers in Telangana committing suicide in the recent past, following alleged harassment by personnel of such lenders, and many more complaining of being subjected to coercive methods after defaulting on repayments.</p><p style="text-align:justify">The RBI said the reports cited the excessive rates of interest and additional hidden charges demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers. They also pointed to how unauthorised digital lending platforms/mobile apps attracted borrowers with promise of loans in a quick and hassle-free manner.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true" title="https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true">click here</a> to read more.</p>                                                           
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Beware of illegal digital lending apps: RBI

Published on Dec 23, 2020   Modified on Dec 24, 2020

-The Hindu Advisory in the backdrop of suicides in Telangana Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps. Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said “members of public are cautioned not to fall prey to such unscrupulous activities.” It urged them to verify antecedents of the company/ firm offering loans online or through mobile apps. The advisory comes in the backdrop of at least three borrowers in Telangana committing suicide in the recent past, following alleged harassment by personnel of such lenders, and many more complaining of being subjected to coercive methods after defaulting on repayments. The RBI said the reports cited the excessive rates of interest and additional hidden charges demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers. They also pointed to how unauthorised digital lending platforms/mobile apps attracted borrowers with promise of loans in a quick and hassle-free manner. Please click here to read more.

The Hindu, 23 December, 2020, https://www.thehindu.com/news/national/be-wary-of-unauthorised-digital-lending-platforms-apps-rbi/article33404023.ece?homepage=true

Tagged with: RBI Reserve Bank of India Usurious Rate of Interest Digital Lending Platforms App Based Lending

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