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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
By all accounts, the central bank is more open to discussion than before—but also getting serious about curtailing practices it doesn’t like.
At a closed-door conference hosted by the Reserve Bank of India on 6 June at its Mumbai headquarters, a high-ranking central bank official from the recently set-up fintech department had news for a delegation of 25 to 30 industry executives.
After nearly two years of extensive consultation and research, the RBI official told the attendees that the regulator is finally prepared to introduce formal rules for the country’s loosely regulated digital lending ecosystem. The goal is an operational framework for over a thousand instant loan apps, loan marketplaces and buy now pay later companies rendering its services in India.
The …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
