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A licence to operate as a small finance bank will allow the fintech company to grant loans and collect more deposits, but the transition will entail fixing its less-than-favorable shareholding structure.

The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
Remittances show that many non-resident Indians may not want an immediate out, even as the threat of war looms large. We take a look at what is making them stay in the country.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.