Google says it has pulled over 2,000 personal loan apps from Play Store in India this year

In India, where the central bank is cracking down on predatory practices, over 2,000 personal loan apps have been pulled from the Play Store.

At an event in New Delhi Thursday, Saikat Mitra, Senior Director and Head of Trust and Safety at Google Asia-Pacific, said that the apps were pulled after consulting with local law enforcement agencies.

Changes to the company's policy will be brought in a few weeks.

The predatory lending apps in India that have been found to charge excessive fees from customers and push ethical boundaries in their collection efforts have been brought to the attention of the internet giant. The lending business is being used to laundered money for Chinese companies.

The lending apps had to give customers at least 60 days to repay their loans in India.

Several steps have been taken by the Reserve Bank of India to eliminate bad behavior. The central bank wanted to restrict lending firms access to customer data and bring more transparency to the interest they charge.