RBI sees 'dark patterns' in mis-selling of digital loans

RBI deputy governor M Rajeshwar Rao has cautioned about 'dark patterns' in mis-selling of digital loans where customers are deceived into availing high-cost loans. The deputy governor has also said that RBI will relook at risk management framework for lenders on liquidity and market risk. According to Rao, mis-selling has taken on a digital form known as 'dark patterns'. These design interfaces and tactics are intended to deceive users into specific behaviours, such as obtaining high-cost, short-term consumer credit under the guise of an instant loan.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dFCpkMR
>

Comments

Post a Comment

please do not enter any spam link in the comment box.

Popular posts from this blog

BTS members Jin and Jungkook unveil their postcard messages to ARMY as they gear up for ‘BE’ release 

Image
Global superstars BTS have kicked off their new era of music whilst gearing up for the release of  'BE (Deluxe Edition)'  album. After releasing the first concept photo, BTS members dropped the first set of handwritten postcards by members RM, Jimin, and V as they penned their thoughts dedicating the letters to their fans (called ARMY). The second set of postcards were released by Jin and Jungkook. The way these postcards are being released, it also hints at the fact that the album could feature subunits (one rapper - two vocalists, two vocalists, and two rappers). Jin expressed that it is okay to take a break every once in a while to work on healing. "After working hard I’m now taking a break not really by our own choosing, but then now I feel like I’m in tip-top shape. Dear ARMY, don’t forget to take a break even if you’re busy! Q. What’s your happiest moment?" he wrote in his message. Jungkook cited that he is the happiest when he gets to perform on stage in fr...
Read more

Salman Khan reveals the three villains of Radhe-Your Most Wanted Bhai; says they made the film look stronger and bigger

Image
Salman Khan’s upcoming release Radhe-Your Most Wanted Bhai is one of the most anticipated films of the year. Despite the current pandemic situation, Salman Khan has found a way for the film to reach the people. With a hybrid release the film will be available simultaneously in the theatres and on the digital platform ZEE5. Ahead of the release of the film, Salman Khan sat down for a candid chat with a group of journalists from Mumbai. When the trailer of Radhe was released several people couldn't help but be reminded of Salman Khan’s hit film Wanted . The film like Radhe-Your Most Wanted Bhai was also directed by Prabhu Dheva. Moreover, Salman’s last few films have been in the action genre. When asked what makes Radhe different, he said, “The plot is that he makes a commitment to this child whose friend dies and goes and cleans the city out. This is what Radhe is about and in that we have comedy and we have three villains- Sang Hae from Bhutan, Gautam Gulati who was in Bigg ...
Read more

Dia Mirza admits Rehnaa Hai Terre Dil Mein had sexism in it

Image
Bollywood actor Dia Mirzam, who is a model-turned-actor, made her debut in the films with the 2001 film Rehnaa Hai Terre Dil Mein starring alongside R Madhavan and Saif Ali Khan. She witnessed major ups and downs in her career. In her latest interview, she opened up about her early days in the film industry, rampant sexism, and how things have changed over the years. Speaking to Brut India, Dia Mirza said, “People were writing, thinking and making sexist cinema, and I was a part of these stories. Rehnaa Hai Terre Dil Mein has sexism in it.” She further said how in those days, you wouldn't find too many women crew members or that a makeup artist has to be a man whereas a hairdresser will be a female. She said, “When I started working in films, there were at best only 4 or 5 women on any given film crew with a unit strength of over 120, sometimes 180 people. There would just never be any female representation on a film crew, so the gender ratio was skewed. Nobody really cared ab...
Read more