Google has updated its policy regarding enforcement of loan apps on the Play Store and only those apps are allowed on the Play Store which are published by Regulated Entities (REs) or those working in partnership with REs.
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In an effort to crack down on the misuse of AIFs to evergreen loans, the central bank had given lenders 30 days to liquidate their holdings in these funds or make provisions. The combined investments in all three AIF categories stood at Rs 3.54 lakh crore as on September 30, 2023, according to SEBI data