Fintechs

PB Fintech said consolidated income for the group stood at Rs 678.9 crore in the third quarter, a 69% increase over the year-ago period. Sequentially, consolidated revenue went up 7%. The company narrowed its losses by over 70% to Rs 87.6…

Following the release of the Reserve Bank of India’s (RBI’s) new digital lending rules, fintechs in India have been in continuous consultation over first loss default guarantee (FLDG) arrangements. Today we have new details of the…

The Reserve Bank of India (RBI) recently ordered State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd to stop processing any international remittances under the liberalised remittance scheme (LRS) after discovering…

Several Indian fintechs continue to be impacted by the Reserve Bank of India’s order earlier this week asking State Bank of Mauritius (SBM) India to stop all transactions under the liberalised remittance scheme (LRS) until further…

Micro, small and medium enterprises (MSMEs) have played a critical role in bringing digital payments to the bottom of the pyramid. In general also, the MSME sector has a significant share in employment in the country. As the last year’s…

India’s $50 billion fintech industry will face hurdles in the form of tougher regulatory scrutiny and tighter liquidity leading to higher cost of capital for some companies next year, Rakesh Pozhath, partner at consulting firm Bain &…

On Wednesday, Reserve Bank of India (RBI) governor Shaktikanta Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance, and risk mitigation frameworks. At a…

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MUMBAI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar pulled up banks for ceding the Unified Payment Interface(UPI) space to an extent where most of the business is with non-banks. He warned banks that disruption in a small…

Speculation around fintechs replacing banks is a “misconception”, but lenders need to be more diligent in adopting technological changes, Reserve Bank Deputy Governor T. Rabi Sankar said on Saturday. Exuding confidence that the banks will…