Monday, December 04, 2023
Outlook India
Outlook Business


RBI’s move to heighten risk weights on consumer credit for NBFCs might enhance financial stability but poses challenges for lenders by raising capital requirements. This impacts profitability, potentially increasing interest rates on consumer loans

RBI’s extension of PIDF scheme to include soundbox devices and QR codes has been received well by fintech players, with many believing it be a step in the right direction to promote financial inclusion and digital transactions

Customers of both entities will have a broader range of products, omnichannel offerings, and a seamless experience in the future

The company had posted a loss of Rs 645.4 crore in the same period a year ago

The RBI will time its regulations in such a way that the industry is allowed to grow, Sankar said, adding that the young innovators' focus is on innovations and not so much on regulations at present

The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement

The policy aims to prepare strategies for providing a conducive environment for inclusive and harmonious growth of e-commerce sector through a streamlined regulatory framework for ease of doing business, adoption of modern technologies, integration of supply...

The device has claimed to support multiple languages to support financial inclusivity, including Hindi, Telugu, Kannada, Tamil, Malayalam, Marathi, Bengali, Odia, Gujarati, and Punjabi, in addition to English

With this license, the company aims to provide more flexible and accessible funding without equity dilution to thousands of emerging SMEs

The partnerships will entail the setting up of BrightCHAMPS Next-Gen Labs within schools and training its teachers in the curriculum by industry experts and vetted by self-regulatory board called the BrightCHAMPS Global Curriculum Advisory Board