The tech giant company Google on January 14 said through a blog post that hundreds of personal loan apps in India were reviewed and those who were found violating the user safety policies were immediately removed from its play store, The Hindustan times reported.
The company gave instructions to the remaining apps to follow the norms and if they fail to comply with the laws and regulations, they will also be removed from the play store, “In addition, we will continue to assist the law enforcement agencies in their investigation of this issue, Google India said.
On Wednesday, Reserve Bank of India (RBI) suggested regulatory measures to promote orderly growth of digital lending amid rising incidents of harassments relating to online lending.