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Latest Articles in rbi

Eduvanz Raises RBI approval to Start its NBFC for Skill Development Loans, Raises $500K

A $500,000 Angel Investment will be utilized for state-of-the-art technology for loan appraisal & to expand its team

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OBOPAY Secures a Pre-paid Instrument License from RBI

The PPI license can be implemented in a variety of industry segments. The license will enable the customers to do everything a prepaid payment instrument does: P2P, cash-in, bill payments, mobile recharge, and shopping.

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Is Regulatory Forbearance Hurting the Cryptocurrency Market?

Given the nebulous nature of cryptocurrencies, there has been an ongoing turf war over whether it would be the RBI or SEBI which has appropriate jurisdiction to regulate them.

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InstaReM Gets RBI Approval for Facilitating Overseas Remittances from India

Since starting operations in August 2015, InstaReM has raised $18 million in two rounds of funding.

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RBI Guidelines to Bring Rapid Growth to P2P Lending Platforms

P2P lending model is not only present in India but also in many countries globally and it is growing steadily and getting acceptance as an alternative source of getting money quickly when required and that without much of a hassle.

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BankBazaar Launches ‘#PlayYourPart’ During RBI’s Financial Literacy Week

Launched amidst the ongoing Financial Literacy Week (June 5-9, 2017) as announced by the #RBI, #PlayYourPart campaign highlights the need for financial literacy.

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Paytm Gets the Final Nod from RBI to Go Ahead with its Payments Bank

As per RBI guidelines, payment banks can hold a up to Rs 100,000 per individual customer. However, payments banks are not allowed to issue credit cards or issue loans to users.

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2017: India's Era of Payment Banking

It is true that since payments banks won’t be able to disburse loans, their net interest income will be limited. So, it seems that without traditional banking economics, the road for payment banking players is not too attractive.

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Wallets, Big Ecomms Rejoice But Startups Dealing By COD Slow Down

It’s always the small guys that will suffer. Regardless of PM Modi and many praising the move, his surprise lock down on banks, ATMs and the demonetization of the 500 and 1000 rupees notes will affect the companies who are just getting on their feet.

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