Need similar regulations for banks and fintechs if underlying activity is same: RBI DG
Reserve Bank Deputy Governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like...
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Fintech
Coordinated efforts taken to contain Chinese loan apps: FM in Rajya Sabha
Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy...
Read moreHDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore
One of India’s largest private sector lenders HDFC Bank on Wednesday acquired a minority stake in Mintoak Innovations Private Limited...
Read moreRBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use...
Read moreUPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up...
Read moreUPI transactions see 650% rise at semi-urban, rural stores: Report
The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in...
Read moreIDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users
Private sector lender IDFC First Bank has partnered with the association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider...
Read moreIndia records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3
India logged 23.06 billion digital transactions worth Rs 38.3 lakh crore in the third quarter of FY23, stated a report...
Read morePaperless home loans may become a reality soon
The Ministry of Electronics & Information Technology's (MeitY) recent push to digitise several new types of contracts may soon make...
Read moreBanks have ceded UPI space to nonbanking sector: RBI Dy Guv
Banks have ceded the unified payments interface space to non-banks, Reserve Bank of India deputy governor T Rabi Sankar has...
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