Shock for Ola, Uber as banking institutions choose stop disbursing lending to staff MUMBAI: India's ideal lenders, surprised with the increasing tide of foreclosures on means debts by staff on ride-hailing applications, happen to be using brake system on fresh funding disbursals in most instances and driving to recuperate fees even while the once-speeding business changes to a lower gear to rule on expenses. With virtually a 5th of its money e-book in Bengaluru defaulting, condition Bank of India keeps ceased automobile personal loans to people plying vehicles for Ola through the urban area. « Continue »