Poket News

₹ 8,000 crore circulated through loan apps


  • A leading Chinese web hosting company, owned by an e-commerce pioneer, appears to have provided hosting services to app-based loan companies, which are in the eye of the storm, following at least 5 persons in Telanganna being pushed to end their life.
  • The financial experts and data analysts who were poring through 1.40 crore transactions involving nearly ₹ 21,000 crore have estimated that the actual circulated amount was ₹8,000 crore.