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Detailed stories on technology startups, business and economic current affairs.
The central bank’s approval is contingent on the fintech and the ailing lender fulfilling a number of conditions stipulated by it for the deal to pass muster.

Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.