New Delhi: Google has reviewed as many as hundreds of personal loan applications in India, and has removed a few of the apps from the Play Store, which were found violating the user safety policies. The tech giant said in a blog post on January 14 that their move to remove a few apps were based on the flags submitted by users and government agencies
The company has further asked the remaining application to comply with the existing norms and policies. If they fail to do so, their apps will be removed from the Play Store.
Google India said, "The apps that were found to violate our user safety policies were immediately removed from the Store, and we have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations. Apps that fail to do so will be removed without further notice."
The company further added that they will continue to assist the law enforcement agencies in investigating this issue.
The blog post by the tech giant also mentioned that all the developers on Google Play Store to agree to the terms of the Google Play Developer Distribution Agreement. The agreement specifies that the apps on the Play Store must adhere to applicable rules and laws, which also includes the generally accepted practices and guidelines.
The company said that it wanted to clarify the actions taken by them on the personal loan app. These platforms have recently started to receive attention, said the tech giant.
On January 13, the Reserve Bank of India (RBI) announced that to form an appropriate regulatory framework, an internal working group has been formed to study digital lending activities.
RBI said in its statement, "Recent spurt and popularity of online lending platforms/ mobile lending apps ('digital lending') has raised certain serious concerns which have wider systemic implications."
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