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Search resuls for: "Nupur Anand Ira Dugal"


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☆ EXCLUSIVE Google faces pressure in India to help curb illegal lending apps -sources
  + stars: | 2022-09-19 | by ( Nupur Anand Ira Dugal | Nupur Anand | Ira Dugal | ) www.reuters.com   time to read: +4 min
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew KellyMUMBAI, Sept 19 (Reuters) - Alphabet Inc's (GOOGL.O) Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications in India, according to sources. Indian regulators have already asked lenders to step up checks against illegal lending apps, which became popular during the pandemic. While India's central bank requires that any lending apps listed on app stores be backed by regulated entities, it is up to Google to enforce this and monitor compliance. The policy says that in order to show financial services ads in India, advertisers need to be verified in the country.
☆ Exclusive: Google faces pressure in India to help curb illegal lending apps
  + stars: | 2022-09-19 | by ( Nupur Anand Ira Dugal | Nupur Anand | Ira Dugal | ) www.reuters.com   time to read: +4 min
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. Indian regulators have already asked lenders to step up checks against illegal lending apps, which became popular during the pandemic. While India's central bank requires that any lending apps listed on app stores be backed by regulated entities, it is up to Google to enforce this and monitor compliance. Starting from next month, Google will roll out a new advertising policy for financial services in India, a blog post on its website shows. The policy says that in order to show financial services ads in India, advertisers need to be verified in the country.
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