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SLICE BANKING LICENCE
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- Delhi HC asks RBI about steps taken to enforce digital lending rulesThe Delhi High Court has directed the Reserve Bank of India to detail its enforcement actions regarding digital lending rules. This comes a...
- Neobanking startup Jupiter gets RBI nod for mobile wallet licenceNeobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...
- Paytm Payments Bank’s wallet business fading fast as restrictions biteRegulatory actions cripple Paytm Payments Bank's mobile wallet business, leading to a significant decline in transactions and value. Compet...
- Slice launches its UPI-first account for all usersAfter a three-month beta testing period, primarily available to its existing customer base, Slice is now extending the account services to ...
- Slice posts 200% jump in FY23 operating revenue, losses go up 60%Among its major cost items, Slice reported a massive jump in employee costs as the startup expanded its strength significantly in the last ...
- 2024: How the fintech industry will learn to live a regulated lifeFor Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onbo...
- Unicorn Slice eyes $100 million to fuel its banking dreamsThe Bengaluru-based fintech firm is scouting for fresh equity and is trying to get a good deal from investors. The talks are still at an ea...
- Small finance banks thinking big likely to switch on the M&A modeAU Small Finance Bank's move to acquire Fincare Small Finance Bank may encourage others to explore inorganic opportunities, industry captai...
- ET Explainer: The magnetic charm of a bank licenceModern banking depends on quick decision making, using a technology spine. A fintech firm, especially a unicorn, enjoys this technological ...
- Fintech Slice to merge with North East Small Finance BankFor Slice, which has been running as a non-banking finance company for the last four years, the option was to either convert itself into a ...
- Fintech unicorn Slice picks 5% in North East Small Finance BankMove signals new-age biz reliance on licensed banks; More investments could be on cards
- Card fintech company Slice receives prepaid pay licence from RBIFintech platform Slice to open minimum KYC PPI accounts for teens as it looks to widen its user base, say sources. The licence is also in l...
- Slice fundraising on hold as RBI note triggering uncertainty for sectorPeople aware of the matter said the company’s funding round, of which $50 million was raised last month led by Tiger Global, is on hold now...
- Razorpay, Pine Labs get RBI aggregator nod; TCS records disappointing earningsAfter months of speculations fintech firms, Razorpay and Pine Labs have received in-principle approval from the central bank for a payment ...
- How to slice and dice banking licences to create a safer banking systemIt is time we started thinking of licensing banks based on the twin questions: one, where will the money come from? Two, what will be done ...
- Foreign investors including Warburg Pincus to cut stake in Au FinanciersWarburg Pincus owns 25% stake in the company and is likely to reduce its stake to 21% while IFC stake will come down from 14% to 11.5%.
- ET Awards 2014: Chandra Shekhar Ghosh is Entrepreneur of the Year for building Bandhan from scratchWhat makes Bandhan markedly different from its rivals is its ability to run a low-cost operation and provide loans at the most competitive ...
- Let the Reserve Bank of India do what it mustThe RBI has kept interest rates unchanged in its mid-quarter policy review, in sync with street expectations.
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