RBI lens on net worth of tech entrepreneurs + the government's HR disaster

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Editor's note: Ashwin here. There’s tough times ahead for tech entrepreneurs. After the poor showing of many tech IPOs in recent times, the Reserve Bank of India is mulling over gauging the “financial soundness” of startup promoters entering the financial services space. Getting that banking or insurance licence may just get that bit harder. While on the financial space, even as the Insurance Regulatory and Development Authority of India has been headless for 10 months (despite the big bang LIC IPO coming up), the government has now let the position of chairman of the country's largest general insurer fall vacant too. Its solution makes for a comedy of errors. Read on.               The real worth of tech founders India’s key financial regulators are grappling with a new challenge: How to ascertain the financial soundness of promoters of new-age tech companies that are looking to enter capital-intensive businesses such as banking and insurance? The well-documented debacles of startups that have recently listed on Indian stock exchanges, most notably Paytm, have seen their share prices fall spectacularly, putting in doubt the actual valuation of these …