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Google acting like super regulator and seeking details even RBI doesn't ask for, allege Indian fintech lenders


Updated Jan 18, 2021 | 09:14 IST
In a letter to tech giant Google, Indan fintech lenders mentioned the names of Chinese apps that have 7-14-day products while its rules of not allowing lenders giving short-tenure loans of less than 60 days.
Google acting like a super regulator, allege Indian fintech lenders. 
New Delhi: Internet giant Goggle’s latest directives to provide credentials have reportedly irked Indian fintech lenders, and they have written to the tech behemoth mentioning the names of Chinese apps that have a week to 14-day products while its rules of not allowing lenders giving short-tenure loans of less than 60 days. Digital lending companies believe Google is acting like a super regulator, seeking details that even the banking regulator does not ask for. ....

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