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What did the Parliamentary Committee recommend with respect to local fintech players ? | Explained

What did the Parliamentary Committee recommend with respect to local fintech players ? | Explained
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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RBI s cloud centre for financial data sparks concerns among fintechs and banks

A few fintech and digital heads of banks welcomed the move, saying this would be similar to an Aadhaar or NPCI-like setup for domestic financial data and reporting

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rbi cbdc cross-border settlements: RBI, international counterparts discuss CBDCs for cross-border settlements

An internal Reserve Bank of India (RBI) working group has been exploring the best technology path to develop a roadmap for such direct transactions between two countries.

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india: RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments

india: RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Hong kongVijay maniUttam nayakMihir gandhiSociety for worldwide interbank financial telecommunications swiftVisa incInternational monetary fundWorldwide interbank financial telecommunicationsReserve bank

Fintechs may feel the heat as RBI moves to curb unsecured consumer loans

According to CIBIL, among those who took personal loans of less than Rs 50,000 in the first quarter of the current fiscal, half of them had more than four existing loans. For the same category, only 17 percent had more than four loans before Covid, indicating a level of overleveraging not seen in the recent past.

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