While the payments bank’s new board tries to impress RBI by scrubbing all links with its parent and founder, the regulator may well be biding its time before it pulls the plug.
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The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.
The battle between four of India’s major fintechs and the payments orchestration leader is being fought on the issues of interoperability and fair competition. Ultimately, though, commercial factors will trump all else.
Fintech startups have only been able to corner a small part of the value in gold-linked financial products like gold loans and digital gold even as gold prices have shot up. Regulatory changes may pose a further challenge.