Chinese loan apps News

The action behind the move is based on several complaints of extortion and harassment of common people who had availed small amounts of loans through the mobile apps being run by those entities and persons.

Govt taking steps to check Chinese mobile apps offering easy loans and cheating people. A lot of apps that have been badly misused have also been brought to the attention of MeiTY. Sitharaman however did not specify the action taken or the number of apps banned.