Bad guys may re-enter digital lending in India despite govt ban: Experts

They say the rogue apps can come back using some other name or some forged documents

Though the government has blocked a bulk of non-compliant online lending apps, this may not be the endgame for bad actors in the digital lending ecosystem. Experts believe the system lacked stringent entry-level checks and due diligence norms for the sector.

The Ministry of Electronics and Information Technology (MeitY) issued blocking orders against 138 betting and 94 loan apps on February 5, stating “links with China”, and alleged “involvement in money laundering” were posing a “threat to financial security”. The ministry later revoked the blocking orders for some of the affected apps after reviewing basic documents related to registration with