Fintechs lead small-ticket loans’ volume with 77% market share: Study
[ad_1] 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 report by Experian India and the Digital Lenders…
Paytm can overcome setbacks to lead in Asian markets: Founder Sharma
[ad_1] 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 stage a comeback as a stronger company. …
FM Nirmala Sitharaman asks fintechs to blend innovation, compliance
[ad_1] 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 to innovate while keeping a close watch on…
Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank
[ad_1] 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 has barred the PPBL from accepting deposits and credits…
RBI Not Planning Harsher Rules to Curb Fintech Sector, Official Says
[ad_1] 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 of Paytm Payments Bank, founded by high-flying billionaire Vijay…
Being fintech or tech firm doesn’t absolve it of regulatory oversight: MoS
[ad_1] 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 Chandrasekhar on Saturday stated that a sectoral regulator…
Bajaj Finance Q3 results: Net profit jumps 22.4% to Rs 3,639 crore
[ad_1] 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 company’s consolidated profit after tax rose to Rs 3,639…