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Over 2,200 fraudulent loan apps have been removed from Google's Play Store. MoS Finance shares the number of apps removed and explains the revised policy on loan apps by Google.
The government on Tuesday informed Parliament that Google has suspended or removed more than 2,200 fraudulent loan apps from its Play Store between September 2022 and August 2023. �� Govt Engaged With RBI To Control Fake Apps: MoS Finance Bhagwat Karad Tells Parliament 'Google Suspended 2,200 Fraudulent Loan Apps from Play Store Between 2022-23'.
RBI has been conducting e-BAAT programmes, which focus on awareness about frauds and risk mitigation, he said.
Google removes 2,200 fraudulent loan apps from Play Store: MoS Finance
Google has updated its policy regarding enforcement of loan apps on the Play Store and only those apps are allowed on the Play Store which are published by Regulated Entities (REs) or those working in partnership with REs.