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Latest Articles in rbi

RBI Benevolent on P2P Startups !!! After Faircent, Now OML Technologies Receives Its Certificate of Registration

In December 2017, OMLP2P applied for registration as a peer-to-peer lending platform under the RBI Direction released by the regulator in October 2017.

Read More Becomes the First to Receive an NBFC-P2P Certification from RBI

Projected to be worth $4-5 billion by 2023, the P2P lending segment has completely disrupted the consumer lending and asset class categories in India.

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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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