Tagged: rbi

Tweets by “Blockchain Lawyer” Indicate Reserve Bank of India Decided to Restrict Banking Services to Blockchain Companies with Little Research

In April of this year, the Reserve Bank of India (RBI) commented on the status of cryptocurrencies. The RBI stated “we have decided to ring fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to… Read More

Fintech Startup InstaReM Receives RBI Approval to Offer Outbound Remittance Services From India

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

Vaibhav Pandey, CEO of P2P Lender i2iFunding Shares Insight into Nascent India Market

The peer to peer lending industry in India has been slow to evolve in contrast to many other nations. Yet India is the second most populous country with more than 1.2 billion people and is the most populous democracy in the world. The opportunity for… Read More

Brief: JM Financial Ltd Leads Series A Round for Indian P2P Lender Faircent

P2P lending startup Faircent has raised Series A round led by JM Financial Ltd subsidiary which has picked up 9.8% stake in the company, according to a release. The capital will be utilized by the Mumbai-based company to build its technology and product as well strengthening and growing… Read More

Reserve Bank of India Consultation Paper on Peer to Peer Lending (Document)

Embedded below is the consultation paper crafted by the Reserve Bank of India (RBI) in anticipation of creating a regulatory regime for peer to peer lending.  The document sets out to review the various legal frameworks in place around the world for peer to peer… Read More