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7 Min Read MUMBAI (Reuters) - At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users. FILE PHOTO: A man points a finger to the Google Play app logo on his Huawei smartphone in this illustration picture May 20, 2019. REUTERS/Marko Djurica/Illustration/File Photo Four apps were taken d...

Have removed personal loan apps that violated safety policies: Google India Premium 6 min read We have reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies, says the tech giant Google only allows personal loan apps with full repayment required in greater than or equal to 60 days from the date the loan is issued, it said Share Via Read Full Story New Delhi: Google India on Thursday said it has removed those personal loan apps from its Play S...

Google India has removed personal loan apps from its PlayStore that violated safety policies Google India has removed personal loan apps from its PlayStore that violated safety policies The development comes after users and government agencies flagged hundreds of loan apps on Google PlayStore in India. advertisement (Picture: Reuters) HIGHLIGHTS Google India has noted that it allows personal loan apps with full repayment required in greater than or equal to 60 days from the date the loan is iss...

Reserve Bank of India Forms Group to Evaluate Digital Lending The “Working Group” being set up by RBI will “study all aspects of digital lending activities.” By Gadgets 360 Staff With Inputs From Reuters | Updated: 13 January 2021 17:50 IST The “Working Group” being set up by RBI will comprise both internal and external members Highlights Four apps were taken down from the Play Store In December, RBI had issued a public notice about lending apps The...

At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrower

When contacted by Reuters, the apps offering short tenures either denied wrongdoing or did not respond. The apps, many of which act as intermediaries connecting borrowers and lending institutions, are not breaking the law as the RBI has no rules covering minimum loan tenures. The RBI also does not oversee intermediaries. The Indian finance ministry and information technology ministry did not respond to requests for comments on whether they planned to increase scrutiny of these apps. Some consum...

BW Businessworld Some Lending Apps Thrive On Indias Google Play Despite Policy Violations The Indian finance ministry and information technology ministry did not respond to requests for comments on whether they planned to increase scrutiny of these apps. Photo Credit : At least 10 Indian lending apps on Googles Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such...

Officials are investigating dozens of lending apps following the suicides of at least two borrowers in the past month.

At least 10 Indian lending apps on Google's Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users.

Monday, 11 Jan 2021 07:42 AM MYT Google, which dominates India’s app market with over 98 per cent of smartphones using its Android platform, said its policies were continuously updated in response to new and emerging threats and bad actors. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. MUMBAI, Jan 11 — At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repa...