India s MakeMyTrip and PolicyBazaar have expressed concerns to the central bank about the impact of its crackdown on Paytm, a digital payments firm. They argue that the decision could harm investment in the fast-growing financial-technology sector, discourage innovation, and send a negative signal to the global business community.
India Business News: In a surprising development that has sent shockwaves through India's fintech sector, the Reserve Bank of India (RBI) on Wednesday issued a stern direc.
Budget 2024: Though the Budget will be a vote on account, economists and experts feel the government will maintain its focus on fiscal consolidation, business and taxation law simplification, infrastructure development, support for MSMEs, and financial inclusion.
Mumbai, The RBI on Monday released a draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector , laying down the characteristics