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You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
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<p style="text-align:justify"><em>PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business </em></p>
<p style="text-align:justify">Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly placed sources say the Reserve Bank of India is reluctant to issue non-bank finance company or NBFC licences to fintechs.</p>
<p style="text-align:justify">PhonePe, Razorpay, BharatPe, Khatabook, OkCredit and NiYo which operates as neo-bank, are among the well-known names who had approached the banking regulator for NBFC licence, but their requests have been turned down.</p>
<p style="text-align:justify"><em>Secure licenses</em></p>
<p style="text-align:justify">Fintechs are now making representations through the industry bodies to clear the path for secure licenses. “We are in touch with the RBI on this matter,” said Ram Rastogi, Chairman, Fintech Association for Consumer Empowerment (FACE).</p>
<p style="text-align:justify">However, sources say that RBI has put the matter on hold for now. “It (RBI) has become a bit liberal in considering NBFC PA/PG (payment aggregator/ payment gateway) licences, but a generic NBFC licence still seems to be a no-go zone,” said a source.. Issues relating to ownership of fintechs, especially pertaining to origin of capital flowing into these companies is one of the main concerns for the regulator.</p>
<p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/news/rbi-reluctant-to-hand-out-nbfc-license-to-fintechs/article66194993.ece">click here</a> to read more. </p>
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LATEST NEWS UPDATES | RBI reluctant to hand out NBFC licence to fintechs -Hamsini Karthik </title>
<meta name="description" content="-The Hindu Business Line
PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business
Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to..."/>
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<meta property="og:description" content="-The Hindu Business Line
PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business
Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to..." />
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business
Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
As per recent estimates, TB is killing approximately three times as many people as COVID-19 every day.
Patna: Tuberculosis is one of the most lethal infectious diseases on the rise after the fears and deaths due to the COVID-19 pandemic have come down. As per the...</p>
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<br><small>November 28, 2022</small>
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With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late.
Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals,...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-ThePrint.in
Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Union minister of state for health, Bharati Pravin Pawar, while presenting India’s national statement on combating AMR at the Third Global High-Level Ministerial Conference on Antimicrobial Resistance recently said that India was prioritising development and implementation of state action plans for containment of AMR...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business
Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
As per recent estimates, TB is killing approximately three times as many people as COVID-19 every day.
Patna: Tuberculosis is one of the most lethal infectious diseases on the rise after the fears and deaths due to the COVID-19 pandemic have come down. As per the...</p>
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<br><small>November 28, 2022</small>
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With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late.
Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals,...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-ThePrint.in
Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Union minister of state for health, Bharati Pravin Pawar, while presenting India’s national statement on combating AMR at the Third Global High-Level Ministerial Conference on Antimicrobial Resistance recently said that India was prioritising development and implementation of state action plans for containment of AMR...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business
Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
As per recent estimates, TB is killing approximately three times as many people as COVID-19 every day.
Patna: Tuberculosis is one of the most lethal infectious diseases on the rise after the fears and deaths due to the COVID-19 pandemic have come down. As per the...</p>
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<br><small>November 28, 2022</small>
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With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late.
Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals,...</p>
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-ThePrint.in
Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert
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<br><small>November 28, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Union minister of state for health, Bharati Pravin Pawar, while presenting India’s national statement on combating AMR at the Third Global High-Level Ministerial Conference on Antimicrobial Resistance recently said that India was prioritising development and implementation of state action plans for containment of AMR...</p>
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