Fraud loan apps have a free run on social media platforms. Here’s how | Business News

[ad_1] Bharat Singh, a resident of the eastern village of Ghosi in Uttar Pradesh, borrowed Rs 15,000 for his sister’s wedding through a loan app he came across on Instagram called UnicashX. There was little guidance if this was a genuine lender. Instagram didn’t raise a red flag and nor did the Reserve Bank of … Read more