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India’s central bank gives lenders November-end ultimatum to comply with new digital loan rules

The Reserve Bank of India (RBI) has given lenders until the end of November to implement adequate systems and processes to ensure that new and...

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Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with...

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India’s central bank cracks down on fintech startups

For fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem,...

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Sachin Bansal’s firm fails to secure India bank permit

The Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank in a major setback to Flipkart...

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