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SRO LICENSE FINTECH
RBI took initiative to bridge communication gap with fintechs: Deputy governorThe RBI has actively engaged with fintech startups to foster ongoing dialogue, helping both sides understand each other’s expectations bett...- Fintech self-regulatory organisations should have broad representation: Amitabh Kant“India's fintech sector is highly diverse, with various business models and regulatory requirements. There has to be safeguarding against c...
- End trip for BluSmart?; Indian AI talent in demandHappy Friday! Gensol Engineering’s financial struggles are severely impacting ride-hailing company BluSmart. This and more in today’s ETtec...
- Self Regulatory Organisation needs to keep fintech sector in check: RBI Dy Guv T Rabi SankarReserve Bank of India's Deputy Governor T Rabi Sankar addressed the Global Fintech Festival 2024, discussing the need for Self Regulatory O...
- Banks look to form their own self-regulatory body for fintechsBanks plan to form a Section 8 entity under the Companies Act to secure an SRO license for the fintech sector. Talks have included the Paym...
- RBI’s action not against Paytm; it is against payment bank; we support fintechs: Shaktikanta DasShaktikanta Das, Governor of RBI, clarifies that the RBI's action is against payment banks, not fintech companies like Paytm. Fintechs are ...
- Experts suggest regulatory reassessment to boost fintech sector and ease compliance burdenAs the fintech sector gains size and scale, experts suggest the need to reevaluate regulatory policies to boost financial inclusion. The re...
- Fintech firms struggle to come together for self-regulationThe idea of creating an SRO was mooted by the RBI governor in March. But more than a month since, the companies haven’t been able to procee...
- Fintechs to seek clarity on RBI lending rulesThe RBI has, in the digital lending rules, addressed malpractices by illegal Chinese apps, putting a lid on measures such as data scraping ...
- Regulatory system for digital banking intermediaries likelyWhile discussions are still at an early stage, RBI is said to be considering a light touch regulatory approach that could see digital banki...
- Paytm app back on Google Play store after being pulled down briefly for policy violationOn Friday, Paytm app -- which facilitates use of wallet and payments bank services -- was removed from the Google Play store.
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