Team Blitz India
NEW DELHI: The Government on December 18 informed Parliament that Google has suspended or removed over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022. The Government is constantly engaged with the RBI and other regulators and stakeholders concerned to control fraudulent loanapps, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
The matter is also regularly discussed and monitored in the meetings of the Financial Stability and Development Council (FSDC), an inter-regulatory forum under the chairpersonship of the Finance Minister.
“The objective is to remain proactive, maintain cyber security preparedness with constant vigilance, and take appropriate and timely action to mitigate any such vulnerabilities in the Indian financial system,” she said.
“As part of steps taken to control fraudulent loan apps, the RBI has shared a ‘whitelist’ of legal apps with the Government of India, and this list was shared by the Ministry of Electronics and Information Technology (Meity) with Google,” Sitharaman said.
