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Nitin Desai's company, ND's Art World Pvt Ltd, borrowed Rs 185 crore from ECL Finance in two loans in 2016 and 2018, and repayment issues began in January 2020.

Art Director Nitin Desai's struggles unfold; Defaulted on Rs. 252 Cr. loan

It's been more than 22 months since the repo rate was last changed, when it was cut to 4% on May 22, 2020, the lowest level since April 2001

RBI raises Interest rate, repo rate jumps from 4% to 4.40%, Higher EMI rate; Sensex dropped 900 points

In further investigations, it has been revealed that after disbursing loan to customers for seven days, they were divided into different categories. The customers were called for the collection of loans. In the next stage, they were send messages, later on WhatsApp messages were sent and in the end emails were send to these people.

Telangana police crackdown on instant loan app scam, Chinese link unearthed

What could this mean for the Indian Sub-continent

Pakistan's Foreign Minister threatened Saudi Arabia of spliting Organization of Islamic Countries over Kashmir

Crop failure and mounting loan burden are the reasons behind the suicide

News

Art Director Nitin Desai's struggles unfold; Defaulted on Rs. 252 Cr. loan

RBI raises Interest rate, repo rate jumps from 4% to 4.40%, Higher EMI rate; Sensex dropped 900 points

Telangana police crackdown on instant loan app scam, Chinese link unearthed

Pakistan's Foreign Minister threatened Saudi Arabia of spliting Organization of Islamic Countries over Kashmir

Four farmers commit suicide owing to distress in Nashik