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10 ARTICLES

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How State Bank of Mauritius is rebuilding itself in India

With its fintech-first strategy running into regulatory problems, the five-year-old lender is banking on new leadership, improved systems and commercial banking to chart a new path.

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RBI sets a tough test for Slice-NESFB merger

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.

12 Oct 2023

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Slice to merge with North East Small Finance Bank

It’s rare for the central bank to allow a fintech company to enter the banking sector.

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ZestMoney’s failed buyout is the last nail in BNPL coffin

The concerns flagged by PhonePe owner Walmart for not going ahead with the acquisition are emblematic of all that’s wrong with the buy now pay later business in India.

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Why peer-to-peer lending needs scrutiny

Quick to tie up with fintech startups, India’s P2P lending platforms have done little to address the lack of transparency about borrowers and links with dubious loan apps.

20 Sept 2022

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The RBI is going after fintechs on KYC checks

The regulator sees widely varying implementations of know your customer norms as a systemic problem.

19 Jul 2022

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The scramble within India’s BNPL industry

The RBI’s circular has led to some firms stopping pay later services, others to consider pivots and a few brazening it out in the hope of getting the regulator to blink.

27 Jun 2022

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RBI’s clarification is bad news for India’s BNPL sector

The industry is divided on the implications of a new rule on prepaid cards and wallets, but it looks like most pay later business models no longer work.

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All is not well with India’s BNPL frenzy

BNPL startups have Indians taking loans for cab rides and dinner parties. With the spotlight now on questionable practices, the RBI is calling them in.

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The pandemic will redefine fintech lending

COVID-19 and the national lockdown will be a trial by fire for most consumer loan startups.

27 Apr 2020