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Fintech sector

Fintechs lead small-ticket loans’ volume with 77% market share: Study
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Fintechs lead small-ticket loans’ volume with 77% market share: Study

Illustration: Ajay Mohanty Fintech companies in the country have seen an uptick in the volume and value of small-ticket loans disbursed over the past six years, data from a joint…
Posted by Xavier March 17, 2024
Paytm can overcome setbacks to lead in Asian markets: Founder Sharma
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Paytm can overcome setbacks to lead in Asian markets: Founder Sharma

By Min Jeong Lee and Taiga Uranaka Paytm founder Vijay Shekhar Sharma voiced confidence that his digital payments pioneer will overcome regulatory setbacks in India this year and…
Posted by Xavier March 5, 2024
FM Nirmala Sitharaman asks fintechs to blend innovation, compliance
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FM Nirmala Sitharaman asks fintechs to blend innovation, compliance

FM Nirmala Sitharaman at a meeting with fintech entities in New Delhi At a rare meeting with fintech leaders on Monday, Finance Minister Nirmala Sitharaman encouraged new-age firms to continue…
Posted by Xavier February 26, 2024
Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank
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Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank

Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted. The Reserve Bank…
Posted by Xavier February 26, 2024
RBI Not Planning Harsher Rules to Curb Fintech Sector, Official Says
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RBI Not Planning Harsher Rules to Curb Fintech Sector, Official Says

India's banking regulator doesn't intend to impose drastic measures on the country's fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations…
Posted by Xavier February 17, 2024
Being fintech or tech firm doesn’t absolve it of regulatory oversight: MoS
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Being fintech or tech firm doesn’t absolve it of regulatory oversight: MoS

He was speaking at the inauguration of Digital India FutureLABS at the Indian Institute of Information Technology (IIIT), New Delhi Union Minister of State for Electronics and Information Technology Rajeev…
Posted by Xavier February 3, 2024
Bajaj Finance Q3 results: Net profit jumps 22.4% to Rs 3,639 crore
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Bajaj Finance Q3 results: Net profit jumps 22.4% to Rs 3,639 crore

Indian non-banking financial company (NBFC) Bajaj Finance reported a smaller-than-expected 22.4% rise in third-quarter profit on Monday, as it set aside more money for bad loans.   The…
Posted by Xavier January 29, 2024
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