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Mumbai Police Asks Google To Tweak Play Store Policy To Curb Dubious Loan Apps

Inc42 LogoInc422 mo ago

Mumbai Police Asks Google To Tweak Play Store Policy To Curb Dubious Loan Apps - Inc42

Quick Summary:

The pandemic led to a sharp surge in the use of the instant loans apps which are accused of charging exorbitant interest rates and using predatory recovery practices.

As per the updated policy, such apps need to prominently display a link to the partner bank or non-banking finance company (NBFC).

The increasing instances of use of high handed recovery practices by these loan apps have also brought them under the scanner of the government and the Reserve Bank of India (RBI).


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Article Details

Author / Journalist: Gargi Sarkar

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 08:01:34 (2 months ago)

News Timezone: GMT +5:00

Ranking: #794 (out of 2936 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 488886

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About Inc42

Inc42 Logo

Main Topics: Startups

Official Website: inc42.com

Update Frequency: 17 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

Publisher Details

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The story "Mumbai Police Asks Google To Tweak Play Store Policy To Curb Dubious Loan Apps" has 485 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Mumbai Police Asks Google To Tweak Play Store Policy To Curb Dubious Loan Apps" was covered 2 months ago by Inc42, a news publisher based in India.

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Inc42 is a fully independent (privately-owned) news outlet established in 1975 that covers mostly startups news.

The outlet is headquartered in India and publishes an average of 17 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #488886
  • URL: https://beamstart.com/news/mumbai-police-asks-google-to-16639215395988

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