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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.

An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
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.