Google faces tension in India | The Convey Tribune

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MUMBAI:

Alphabet Inc’s Google has been questioned by the Indian federal government and the central lender to introduce extra stringent checks to support control the use of illegal electronic lending purposes in India, in accordance to sources. Even however Google doesn’t slide beneath the Reserve Bank of India’s (RBI) ambit, the US tech big has been called various occasions in the past couple months to conferences by the central financial institution and the Indian govt and urged to introduce harder checks and balances that can assist in weeding out these types of apps, according to four resources. Indian regulators have previously requested creditors to action up checks against illegal lending apps, which became common in the course of the pandemic.

Revealed in The Categorical Tribune, September 20th, 2022.

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