The government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An online database of approved lenders will be created. The ...

The finance ministry has released a draft bill titled the Banning of Unregulated Lending Activities (Draft) Bill for public ...

The government has proposed a bill to regulate digital lending and create an online database listing authorized lenders while ...

Besides investigating agencies, the competent Authority would have to share all information to regulators and income tax ...

Proposed BULA Bill aims to ban unregulated lending activities, with penalties including jail terms and fines up to ₹1 crore.

India proposes a new law to ban unregulated lending activities, including digital loans, with violators facing up to 10 years ...

India's central government has drafted legislation to combat predatory lending practices by unregulated entities, including ...

The draft bill proposes that “any lender who offers loans, either digitally or otherwise, in violation of this law, shall be ...

India’s Finance Ministry invites stakeholder consultation on draft bill to ban unregulated lending, targeting illegal digital ...

The central government has proposed a new bill to curb unregulated lending and provide for imprisonment of up to 10 years for ...

The Indian government is seeking to clamp down on unregulated lending with a proposed law that would impose prison terms of ...