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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.
The regulator sees widely varying implementations of know your customer norms as a systemic problem.
There is an uneasiness setting in over the fintech industry. It has been less than a month since the Reserve Bank of India cracked down on the business model of many buy now pay later startups, prohibiting all lending institutions from issuing a credit line to digital wallets or prepaid cards.
The RBI’s move—seen as an attempt to weed out one of the several regulatory ambiguities governing India’s young digital lending industry—has led to several high-profile startups having to alter their terms of service. In some cases, they even discontinued products overnight.
That, however, is only the beginning of a …
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.
