Web1 day ago · Uni Cards has acquired peer-to-peer lending platform OHMY Technologies (known as OMLP2P), according to a person aware of the development. OML owns a NBFC-P2P licence from the Reserve Bank of India. As per the MCA records, Uni Cards founders Nitin Gupta, Laxmikant Vyas and Prateek Jindal have joined the board of OMLP2P as … WebThe Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly communicate penal charges and provide fair compensation to the lender while refraining from ...
How fintechs may work around RBI
Web1 day ago · FinTech startups in the country attracted investments worth $1.2 billion in during the first quarter of 2024, 55% lower than $2.6 billion raised in the first quarter of 2024. … WebApr 8, 2024 · The Reserve Bank of India's (RBI) crackdown on digital lending last year caused the BNPL sector to be under stress, as seen by PhonePe's decision to back out of the ZestMoney takeover agreement. Weeks after its sale negotiations with PhonePe broke down, Goldman Sachs-backed ZestMoney will let go of close to 20 percent, or 100 people, … can infection cause weight gain
Norbert Gehrke - Founder & Representative Director - Tokyo FinTech …
WebThe consumer credit industry is set to change rapidly with the RBI permitting banks to transfer pre-sanctioned credit lines through the UPI network. Here are… Amit Dhatrak on LinkedIn: #lending #rbi #upi #fintech #creditcard #credit WebJun 21, 2024 · RBI’s notice to many fintechs on June 20 is pushing fast-growing fintechs to pull breaks and ... These guidelines are being worked on by the newly formed fintech … WebApr 11, 2024 · Strengthened regulatory scrutiny. Sustained fintech funding activity in 2024 came despite intensified regulatory oversight. In June, the Reserve Bank of India (RBI) … can infection cause weight loss