India’s Reserve Bank (RBI) has ramped up scrutiny of fintech companies, signalling an end to lenient regulation of this pivotal industry. Following regular inspections in the past year, it was revealed that several fintech firms exhibited leniency in areas such as customer due diligence, prompting the RBI to take decisive action.

India’s central bank intensifies oversight of fintech sector through rigorous inspections

banking-india

Banking India, News on Banking India, stories on Banking India, articles on Banking India, Banking India stories at Wion, Banking India news, Banking India latest news

banking india

India’s central bank intensifies oversight of fintech sector through rigorous inspections