Articles for Fintech Firms

Why is RBI so cranky about fintech firms after Paytm crisis?
10 months ago

Why is RBI so cranky about fintech firms after Paytm crisis?

Hindustan Times  

First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. While freezing fresh credits into Paytm Payments Bank accounts for “persistent non-compliances and continued material supervisory concerns,” RBI mandated that the bank terminate the nodal accounts of One 97 Communications …

India Banking Payments Fintech Rbi System Bank Accounts
Deepen domestic credit to enhance financial stability
2 years ago

Deepen domestic credit to enhance financial stability

Live Mint  

India’s economy has emerged as a beacon with 6.8–7.0% growth expected in fiscal 2022-23, even as the world’s largest economies face a slowdown amid rising inflation and pandemic and war-related disruptions. The financial sector will do well to understand how this worked and ensure that domestic credit keeps flowing in the country even as global uncertainties persist. The data not …

India Growth Markets Financial Credit Sector Fintech Firms
How CBDC can help banks and fintech firms to reinvent
2 years, 2 months ago

How CBDC can help banks and fintech firms to reinvent

Live Mint  

In October 2020, the Reserve Bank of India had set up an Internal Working Group to undertake a study on the appropriate design and implementation architecture for introducing a ‘Central Bank Digital Currency’ in India. The promise and perils of flex fuel vehicles Railways might ban Oracle if bribe charge is proved Why this Bengaluru techie shifted 5 homes in …

Technology India Legal Financial Payment Rbi Banks
The coming Sebi storm for fintechs
2 years, 4 months ago

The coming Sebi storm for fintechs

Live Mint  

MUMBAI : For nearly a week in July, a curious scene played out near the residence of a senior executive of a mutual fund distributor in Mumbai. Selling mutual funds On 6 July, Paytm Money said it’s giving up its RIA license and will work only as a mutual fund distributor to comply with new Sebi norms. “Though platforms provided …

Research Mumbai Money Investment Fintech Investors Sebi
Big tech firms offering financial services pose risk to financial stability: RBI
2 years, 5 months ago

Big tech firms offering financial services pose risk to financial stability: RBI

Firstpost  

Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, RBI stated Mumbai: Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the Reserve Bank of India has said. …

Financial Tech Financial Services Financial Institutions Fintech Risk Financial Stability
Budget 2022: Fintech Firms Seek Tax Relief For Ease of Lending, Digital Transformation
2 years, 10 months ago

Budget 2022: Fintech Firms Seek Tax Relief For Ease of Lending, Digital Transformation

News 18  

Budget 2022 Expectations: As the Budget day nears, fintech companies in India are placing forth their expectations from the government. It goes without saying that with the access and usage of financial platforms online, the benefit has reached users irrespective of geographies, time and socio-economic boundaries,” said Zafar Imam, CEO of Finshell, on Budget 2022. Highlighting the need for game-changing …

India Budget Tax Relief Fintech Firms Budget 2022 2022 Fintech Firms 2022 Fintech