Tagged: sebi

Digital Commerce Firm EbixCash Receives Clearance from India’s SEBI for Proposed IPO

EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), an international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has received the final observation letter/clearance from the Securities and Exchange Board of India (SEBI) “for… Read More

India’s Paytm Payments Bank Approved for @Paytm UPI Handle by SEBI to Enable Seamless Payment Mandates for IPO Applications

Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

Securities and Exchange Board of India Updates Rules for Asset Management Companies being Launched by Fintech Firms and Other Startups

The Securities and Exchange Board of India (SEBI), the regulator of the nation’s securities and commodities market, announced on Wednesday (December 16, 2020) that it has updated guidelines related to establishing asset management companies (AMCs) for Fintech firms and other startups. SEBI confirmed that it… Read More

PwC and Federation of Indian Chambers of Commerce & Industry Recommend that Banks, Fintechs Should Perform Video KYC Checks during COVID-19

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

Securities and Exchange Board of India Launches Regulatory Sandbox for Fintech Firms

India’s financial technology sector is expanding rapidly, which has led to SEBI, the nation’s financial market regulator, to launch a regulatory sandbox. The sandbox program will assist local Fintech firms with testing out new products and services with a small group of users before introducing… Read More

India-based Kredent InfoEdge, a Fintech and Education Startup, to Raise $8 Million in Next Two Years

India-based Kredent InfoEdge, a Fintech and education startup, is reportedly planning to raise $8 million within the next two years, in order to finance its growth and development by leveraging the latest technology. Kredent InfoEdge, which started its journey as a platform that offered education-focused… Read More

Securities and Exchange Board of India Announces Committee Dedicated to Fintech

Securities and Exchange Board of India (SEBI) announced this week the launch of a new committee dedicated to financial and regulatory technologies. This news comes less than six months after the organization revealed plans for the committee.  During Internet and Mobile Association of India (IAMAI)’s… Read More

Securities Exchange Board of India Announces Fintech Committee Plans

The Securities Exchange Board of India (SEBI) is set to form an advisory committee dedicated to the country’s fintech industry. The committee will notably consist of experts and representatives from different fintech sectors. During Internet and Mobile Association of India (IAMAI)’s 11th Digital India Summit in… 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

Simple and Rational P2P Regulation Expected: Details Emerge from Reserve Bank of India

According to Reserve Bank of India Deputy Governor R Gandhi, approval of new types of NBFCs (non-banking finance companies) will continue.  Detailed information has not yet been released from the bank, but Gandhi commented while inaugurating the ASSOCHAM summit discussing NBFCs: The Changing Landscape’ reported Mumbai’s Deccan Herald:… Read More

Crowdfunding Norms Coming Soon To India; Sale Of Mutual Funds Through E-Commerce Platforms Under Discussion

In India, crowdfunding norms will soon be put into place to help entrepreneurs raise funds through crowdfunding, and discussions are underway to allow sale of mutual funds through e-commerce platforms, announced U. K. Sinha, chairman of India’s capital markets regulator, the Securities and Exchange Board of India (SEBI),… Read More

India Issues Consultation Paper on Crowdfunding

The Securities and Exchange Board of India (SEBI) has issued a consultation paper  on crowdfunding.  The release was widely expected as India moves forward to regulate investment crowdfunding – similar to a growing number of countries around the world.  Comments on the paper are being… Read More

Brief: Securities Regulators In India Set To Release Crowdfunding Guidelines

Crowdfunding may be coming to India according to recent statements made by the Securities and Exchange Board of India (SEBI) Chairman U. K. Sinha. We are coming out with guidelines on crowd-funding soon, because we want to encourage young entrepreneurs to raise capital. Our aim… Read More

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