Topic
Oquilia's reporting on digital lending apps: the RBI-registered lenders behind them, their rates and charges, recovery practices, and how borrowers can check an app and complain.
17 storiesLatest 18 Oct 2026, 21:15 ISTOfficial website
Enforcement/
Closing a salaried professional's complaints on 30 September 2026, the RBI's Consumer Education and Protection Cell recorded that the loan agreements Ampire Finance and Naman Finlease relied on did not permit them to contact his employer, and referred both matters to RBI supervision.
Enforcement
Oquilia's enforcement tracker recorded 12 official actions on digital lending between July and September. RBI's penalties fell mostly on lenders that took more from borrowers than they were entitled to; the apps that threaten borrowers were removed through takedown notices known only from press reports.
Markets
Fintech lender Moneyview filed its red herring prospectus on 20 September, setting a Rs 750 crore fresh issue plus an offer for sale, with the offer open from 24 to 28 September per the RHP.
Courts
RBI's Digital Lending Directions 2025, in force from 8 May 2025, give borrowers a cooling-off exit, recovery-agent disclosure and a 30-day route to the RBI Ombudsman. How to enforce each right.
Courts
RBI caps recovery-agent conduct: no calls before 8:00 a.m. or after 7:00 p.m., three documents at the door, and the lender answers for the agency. Plus the escalation ladder and the 2026 HC ruling.
Enforcement
The SFIO filed a Section 447 Companies Act complaint alleging Jilian Consultants India and 32 firms ran a shell-company network servicing loan and gaming apps; the High Court granted an accused bail.
Enforcement
Cyberabad and Hyderabad police filed multiple FIRs and the Enforcement Directorate opened a PMLA inquiry into instant loan apps police allege used harassment and Chinese-controlled call centres.
Enforcement
The ED attached Rs 72.32 crore in the Kudos Finance instant-loan-app case and the RBI cancelled the NBFC's registration; the Bombay High Court declined to interfere on 5 May 2026.
Enforcement
The Reserve Bank of India cancelled the NBFC registration of X10 Financial Services, finding it outsourced credit appraisal, interest-rate setting and KYC to a service provider.
Enforcement
The Reserve Bank of India cancelled the NBFC registration of Zavron Finance, finding it outsourced core lending decisions to app partners and breached the Fair Practices Code.
Enforcement
The Reserve Bank of India imposed a Rs 1.92 crore penalty on NDX P2P, which runs LiquiLoans, for breaches of the peer-to-peer and digital-lending rules, per its order dated 21 August 2024.
Enforcement
The Reserve Bank of India imposed a Rs 1.995 crore penalty on Innofin Solutions, which runs LenDenClub, for breaches of the peer-to-peer and digital-lending rules, per its order dated 21 August 2024.
Enforcement
The Reserve Bank halted sanction and disbursal on Bajaj Finance eCOM and Insta EMI Card products in November 2023 over digital-lending disclosure failures; the curbs were lifted on 2 May 2024.
Enforcement
The government told the Lok Sabha that MeitY has blocked 87 illegal loan apps under Section 69A of the IT Act, part of a drive that also blocked 1,524 betting and gambling sites since 2022.
Startups
India's used-car giant Cars24 now runs a million AI conversation minutes a month and claims a 12% lead-recovery lift. The catch may be the regulator.
Regulation
New RBI guidelines introduce a 48-hour cooling-off period for digital loans under 1 lakh and cap interest rates on microloans at a spread of 12% above the repo rate.
RBI
The RBI has issued fresh compliance guidelines for digital lending platforms, mandating transparent fee disclosure, cooling-off periods, and stricter data privacy requirements.
