/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Although the order was later revoked, the government’s use of the online content blocking law against licensed NBFCs without consulting the central bank was misguided.
Earlier this month, India’s fintech industry had a taste of the government’s heavy-handed approach towards perceived adversities. On 5 February, the Ministry of Electronics and Information Technology, on the recommendation of the Ministry of Home Affairs, moved to block 138 betting apps and 94 loan apps under Section 69A of the Information Technology Act, 2000.
The move was reportedly triggered by concerns over possible Chinese links of some of these apps, suspected money laundering activities, users’ data security and non-compliance with digital lending laws.
In the process, loan apps run by several non-banking financial companies regulated by the Reserve Bank …
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.
