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RBI reluctant to hand out NBFC licenses to fintechs with common PE investors

RBI reluctant to hand out NBFC licenses to fintechs with common PE investors
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RBI rejects Cred bid to boost stake in Newtap Fin

The fintech’s plan to increase its stake in Newtap Finance, formerly Parfait Finance and Investments, from the current 23.6% stake suffered a setback after the regulator returned Cred’s application.

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rbi nbfc licence roadblocks: One Card founders and Uni Cards NBFC licence applications face roadblocks from RBI

ET has learnt that sellers need to apply to the central bank saying that they intend to transfer the licence to the acquirers name.

Vibhav hathiJitendra guptaKunal shahRupesh kumarNitin guptaAnurag sinhaReserve bankOne cardUni cardsWint wealthParfait financeNewtap technologiesAmica financial technologiesRbi nbfc licence roadblocksNbfc licence roadblocksNbfc licence

Bureau Raises Additional $4 5 Mn Funding In Series A Round

Bureau also said it has completed the acquisition of Y-Combinator backed identity verification startup inVOID

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Startup news and updates: daily roundup (July 12, 2023)

Startup news and updates: daily roundup (July 12, 2023)
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