IT, Home Ministries and RBI to decide on steps post app bans

The home and IT ministries, along with the Reserve Bank of India (RBI), will hold discussions over the next few days to decide on the next steps after the government blocked 94 online lending apps earlier this week, multiple people aware of the developments said.

Founders of several lending platforms met officials of the Ministry of Electronics & Information Technology (MeitY) in New Delhi on Tuesday, people who attended these meetings said, a day after internet service providers started taking down websites of online lending companies.