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Google asks loan apps to display link to partner bank, NBFC: Report

Google also said that the digital lending apps that fail to comply with the rules, will be deleted from the Google Play Store

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BS Web Team New Delhi
After a series of meetings with the Reserve Bank of India (RBI) and the officials from the Ministry of Electronics and Information Technology (MeitY), Google has asked the loan disbursal apps and credit aggregators on Google Play Store to display a link to the partner bank or the Non-Banking Finance Corporation (NBFC), according to a report by Economic Times (ET). 

"For apps that remain non-compliant with the requirements past the deadline provided, as is done for any policy non-compliance, we have been taking necessary enforcement action as part of our ongoing policy compliance sweeps, including removal of apps from the