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Indian fintechs apply for cross-border payment licence
If these entities can enter this lucrative market, it will also help the high valuations of these startups
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'Fintechs amenable to misuse, frauds'
Swaminathan said fintech firms often "operate outside the regulatory envelope and are unconstrained by legacy systems that typically encumber traditio
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Crypto withdrawals being blocked
The crypto exchange authorities are being over cautious since there is no law that empowers them to block withdrawals by any investor
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Bank a/cs with common mobile numbers face tougher KYC norms
Banks are likely to seek more more verification from individuals who have multiple accounts opened with different documents
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IIFL banned from giving fresh gold loans
The move on IIFL came after RBI inspected the financial position of the company as on March 31, 2023
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More payments banks under lens
Financial Intelligence Unit has detected close to 50,000 accounts that are merrily conducting transactions that arouse suspicion of money laundering a
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Aadhaar-enabled payment to be bolstered: RBI
Last year there were numerous reports of cyber criminals abusing the Aadhaar-enabled payment system to defraud common people of their savings
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Govt earns Rs 600 cr on Aadhar-PAN linking delay
Number of PANs not linked with Aadhaar is 11.48 crore as on January 29, 2024
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RBI cautions public on KYC frauds
The central bank has urged the the public to show caution and due care to prevent loss and safeguard themselves from such malicious practices
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Sebi proposes revamping nomination process
The regulator proposed revisions to nomination facilities for securities such as shares, bonds, units of REITs, InvITs, AIFs and other securities held
