On October 4, 2024, the Reserve Bank of India (RBI) issued a Draft Circular titled "Forms of Business and Prudential Regulation for Investments" that seeks to amend the extant Master Direction—Reserve Bank of India (Financial Services...
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The fintech industry has seen remarkable growth in recent years, reshaping how financial services are delivered and accessed. However, this rapid evolution has presented a plethora of regulatory challenges, given the intersection of finance and techn...