Google removed more than two thousand loan giving apps this year, also plans to tighten the rules

Since January this year, Google has removed more than 2,000 apps offering loans from the Play Store in India. A senior company official said that action has been taken against these apps for violation of conditions, misrepresentation of information and suspicious offline behavior. The technology giant is also trying to tighten policies in this sector in the coming weeks.

Google gave priority to the safety of users

Saikat Mitra, Google’s senior director and head of trust and security, Asia Pacific, said the company is committed to complying with regulations in all regions in which it operates. On the question of adequate effort to prevent online harm from digital platforms, he said that Google’s priority and its core value has always been around the safety of the users.

Mitra said he has removed more than 2,000 apps that offered loans from the Play Store in India since January. This action has been taken on the basis of evidence and information obtained, violation of policies, lack of disclosing information and misreporting. He suggested that the loan app problem is at its peak and a solution can be found by focusing on the issue.

Earlier, the country’s giant telecom company Bharti Airtel has allotted more than 71 million equity shares to Internet giant Google (Google) last month at a price of Rs 734 per share. Airtel said in the information sent to the stock exchanges that this allocation has been made as part of Google’s commitment to invest one billion dollars in Airtel. This includes an equity investment of $ 700 million (about Rs 5,224 crore) in the company.

After the deal, Bharti Airtel said in a regulatory filing that Google would hold 1.2 per cent of the company’s total post-issue equity shares. The company said that Airtel’s Special Committee of Directors had approved this allocation.

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