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DIGITAL LENDING SRO
RBI approves Sahamati as SRO for Account Aggregator ecosystemThe Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move forma...- Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
- India's fintech sector gets a governance boost with launch of India Fintech FoundationIndia Fintech Foundation (IFF) was officially launched at Startup Mahakumbh as a proposed self-regulatory organization for the fintech indu...
- Race to become an SRO heats up in fintech sectorWhat is an SRO? The RBI laid out the framework for a fintech SRO in May 2024. As per the vision of the regulator the SRO's main job would b...
- Groww’s pre-IPO dough; Big Tech’s India winHappy Wednesday! IPO-bound Groww is shoring up new funds as it doubles its valuation. This and more in today’s ETtech Morning Dispatch.
- Fintech founders join hands to form new industry body, aim to become fintech SROFounders of fintech startups such as Jupiter, Fi, and Lendingkart have formed a new umbrella organisation aiming to secure a fintech-SRO li...
- Fintechs' personal loan portfolio drops 10 pc in Q2, NPAs inch up: FACEFintechs' outstanding personal loans in riskier segments dropped 10% in the September quarter to Rs 66,683 crore, compared to Rs 74,057 cro...
- 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 unveils final guidelines for fintech SROThe RBI had unveiled draft guidelines in January this year, following which industry participants sent in their responses. The regulator wa...
- How GoI, regulators and fintech firms can unlock the full potential of India's digital financial revolutionThis surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and...
- RBI issues draft framework for fintech self-regulatory bodiesThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly, even in the absence of formal ...
- RBI's draft rules on fintech SRO; Pixxel unveils mega facilityThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal r...
- Digital lending sector continued steady growth in September quarter: reportThe report estimated that around three crore loans were disbursed during the quarter by these 37 companies, of which 28 are either NBFCs th...
- Fintechs take steps towards self-regulation after RBI pushFACE has dozens of digital lenders as its members, including players like Fibe, Kissht, LoanTap, Cashe, KreditBee, Paynearby, and Paisabaza...
- Chase India report proposes self-regulatory organisation for digital lending industryThe report on whitelisting framework for digital lending apps (DLAs) intends to support the industry, as it will add legitimacy to the prac...
- 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 ...
- RBI panel suggests steps to broaden digital lendingThe Reserve Bank of India is proposing to keep commercial banks at the centre of the digital lending universe to ensure that technology is ...
- RBI releases report of working group on digital lending; here are the recommendationsA working group constituted by the Reserve Bank of India on digital lending through online platforms and mobile apps has submitted its repo...
- RBI set to put onus on lenders to monitor loan appsThe Reserve Bank of India's working group on digital lending is all set to lay down strict governance and regulatory rules for loan recover...
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