New Delhi: Imagine you are in desperate need of urgent money but lack the guarantees and time for paperwork routinely required for bank loans. You see a pop-up on your smartphone offering instant, no-questions-asked loans. You download the app, sign up and as you do with other apps, consent to the necessary data access permissions. You receive the loan amount in your account. A week goes by and you start getting messages for repayment from the app. The repayment amount demanded is around or more than double your initial loan. The frequency of the messages increases and the tone gets...